Texas Education Code

§ 13.156 — TITLE TO PROPERTY; ASSUMPTION OF DEBT

ED § 13.156Title 2. PUBLIC EDUCATION · Part C. LOCAL ORGANIZATION AND GOVERNANCE · Ch. 13. CREATION, CONSOLIDATION, AND ABOLITION OF A DISTRICT · Art. D. CONSOLIDATION

Statute text

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Title to all property of the consolidating districts vests in the consolidated district, and the consolidated district assumes and is liable for the outstanding indebtedness of the consolidating districts.

Legislative history

Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.