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Tex. Utilities Code § 161.253

DISTRIBUTION OF NET ASSETS ON DISSOLUTION

Texas · Texas Utilities Code · Status: effective

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Tex. Utilities Code § 161.253, DISTRIBUTION OF NET ASSETS ON DISSOLUTION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/577962
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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.