Texas Utilities Code
§ 161.252 — EXISTENCE FOLLOWING DISSOLUTION
UT § 161.252Title 4. DELIVERY OF UTILITY SERVICES · Part A. UTILITY CORPORATIONS AND OTHER PROVIDERS · Ch. 161. ELECTRIC COOPERATIVE CORPORATIONS · Art. F. DISSOLUTION
Statute text
View on source(a)A dissolved electric cooperative continues to exist to:
(1)satisfy existing liabilities or obligations;
(2)collect or liquidate its assets; and
(3)take any other action required to adjust and wind up its business and affairs.
(b)A dissolved electric cooperative may sue and be sued in its corporate name.
Legislative history
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.