Texas Local Government Code

§ 62.041 — APPLICATION FOR AND APPOINTMENT OF RECEIVER

LG § 62.041Title 2. ORGANIZATION OF MUNICIPAL GOVERNMENT · Part E. CONSOLIDATION AND ABOLITION OF MUNICIPALITIES · Ch. 62. ABOLITION OF MUNICIPALITIES · Art. B. RECEIVERSHIPS

Statute text

View on source

(a)Any creditor of a validly incorporated municipality that abolishes its corporate existence may apply to a district judge in the district in which the municipality is located to appoint a receiver for the municipality.

(b)After an application is filed and proper notice of the application is posted, the judge hearing the application in term time or vacation may appoint a suitable person as receiver.

Legislative history

Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.