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Tex. Special District Local Laws Code § 3868.253

ASSUMPTION OF ASSETS AND LIABILITIES

Texas · Texas Special District Local Laws Code · Status: effective

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Tex. Special District Local Laws Code § 3868.253, ASSUMPTION OF ASSETS AND LIABILITIES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/595471
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(a) After the town dissolves the district, the town assumes the obligations of the district, including any bonds or other indebtedness payable from assessments or other district revenue. (b) If the town dissolves the district, the board shall transfer ownership of all district property to the town.