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Tex. Insurance Code § 845.058

SALE OR DISSOLUTION OF SYSTEM

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 845.058, SALE OR DISSOLUTION OF SYSTEM, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/679590
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(a) The participating hospital providers may authorize, by a two-thirds vote, the sale of the system or substantially all of the assets of the system. (b) Except as otherwise provided by law, on the sale or dissolution of the system or the sale of substantially all of the assets of the system, the net revenue shall be distributed equally to the participating hospital providers after payment of any outstanding liabilities incurred by the system.