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Texas Water Code - WATER § 13.413. Payment of Costs of Receivership

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

The receiver may, subject to the approval of the court and after giving notice to all interested parties, sell or otherwise dispose of all or part of the real or personal property of a water or sewer utility against which a proceeding has been brought under this subchapter to pay the costs incurred in the operation of the receivership. The costs include:

(1) payment of fees to the receiver for his services;

(2) payment of fees to attorneys, accountants, engineers, or any other person or entity that provides goods or services necessary to the operation of the receivership; and

(3) payment of costs incurred in ensuring that any property owned or controlled by a water or sewer utility is not used in violation of a final order of the utility commission or the commission.

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Cite this article: FindLaw.com - Texas Water Code - WATER § 13.413. Payment of Costs of Receivership - last updated January 01, 2024 | https://codes.findlaw.com/tx/water-code/water-sect-13-413/

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