DecisionDepot
California legal research

Texas Special District Local Laws Code

§ 1023.305 — TRANSFER OR ADMINISTRATION OF ASSETS

SD § 1023.305Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1023. EASTLAND MEMORIAL HOSPITAL DISTRICT · Art. G. DISSOLUTION

Statute text

View on source
(a)If a majority of the votes in an election under this subchapter favor dissolution, the board shall:
(1)transfer the district's assets to Eastland County or another governmental entity in Eastland County; or
(2)administer the district's assets and debts until all assets have been disposed of and all district debts have been paid or settled.
(b)If the board makes the transfer under Subsection (a)(1), Eastland County or the governmental entity assumes all debts and obligations of the district at the time of the transfer, and the district is dissolved.

Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.

Source: Texas Special District Local Laws Code § 1023.305 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.