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Texas Transportation Code - TRANSP § 283.209. Receivership

Current as of January 01, 2024 | Updated by FindLaw Staff

(a) A receiver appointed under Section 283.208, acting in the same manner as the county, may:

(1) take possession of the project;

(2) maintain the project; and

(3) collect and receive revenues received from the project.

(b) The receiver shall dispose of and apply revenues:

(1) according to the obligations of the county under the bond instrument; and

(2) as directed by a court.

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Cite this article: FindLaw.com - Texas Transportation Code - TRANSP § 283.209. Receivership - last updated January 01, 2024 | https://codes.findlaw.com/tx/transportation-code/transp-sect-283-209/

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