Texas Local Government Code

§ 62.090 — PAYMENT OF CLAIMS

LG § 62.090Title 2. ORGANIZATION OF MUNICIPAL GOVERNMENT · Part E. CONSOLIDATION AND ABOLITION OF MUNICIPALITIES · Ch. 62. ABOLITION OF MUNICIPALITIES · Art. C. PAYMENT OF INDEBTEDNESS AND DISPOSITION OF ASSETS UNDER RECEIVERSHIP

Statute text

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The court in which the receivership of an abolished municipality is pending shall:

(1)provide for the payment of the claims legally established against the municipality;

(2)determine the priority of the claims;

(3)order the sale of all property held by the receiver that is subject to sale for the satisfaction of the municipality's indebtedness; and

(4)direct the receiver to pay the claims legally established against the municipality.

Legislative history

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