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Current as of January 01, 2024 | Updated by FindLaw Staff
(a) After a vote to dissolve a board, the board shall continue to control and administer the property, debts, and assets of the board until:
(1) the board executes and files a written assignment of all its property, debts, and assets to the commissioners court; and
(2) the commissioners court executes and files in its minutes an acceptance and assumption of the property, debts, and assets of the board.
(b) The assignment prescribed by Subsection (a) must be filed with the commissioners court not later than the 30th day after the date of the canvass of the election.
(c) After the commissioners court determines that the requirements of this section have been fulfilled, the commissioners court shall enter an order dissolving the board.
(d) Each trustee is discharged from liability under the trustee's bond on entry of the order prescribed by Subsection (c).
(e) An employee or contract of the board becomes an employee or contract of the county, acting by and through its commissioners court, on entry of the order prescribed by Subsection (c).
Cite this article: FindLaw.com - Texas Natural Resources Code - NAT RES § 62.163. Administration of Property, Debts, and Assets After Dissolution - last updated January 01, 2024 | https://codes.findlaw.com/tx/natural-resources-code/nat-res-sect-62-163/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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