Tex. Utilities Code § 161.253

DISTRIBUTION OF NET ASSETS ON DISSOLUTION.

Last amended: 1997Year: 2026Length: 40 wordsOfficial source
Assets of a dissolved electric cooperative that remain after all liabilities or obligations of the cooperative have been satisfied shall be distributed pro rata to the members of the cooperative who were members when the certificate of dissolution was filed.
Tex. Utilities Code § 161.253: DISTRIBUTION OF NET ASSETS ON DISSOLUTION. | Justis AI