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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) If the district defaults in the payments due under a lease, the lessor may petition a court of competent jurisdiction to appoint a receiver for the leased properties.
(b) The receiver shall operate the properties and collect and distribute the revenue according to the terms of the lease and the direction of the court.
(c) The receiver has the same rights and powers as the board in its operation of the leased properties.
Cite this article: FindLaw.com - Texas Water Code - WATER § 51.176. Receiver for Leased Irrigation System - last updated January 01, 2024 | https://codes.findlaw.com/tx/water-code/water-sect-51-176/
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 before relying on it for your legal needs.
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