Texas Utilities Code

§ 162.302 — EXISTENCE FOLLOWING DISSOLUTION

UT § 162.302Title 4. DELIVERY OF UTILITY SERVICES · Part A. UTILITY CORPORATIONS AND OTHER PROVIDERS · Ch. 162. TELEPHONE COOPERATIVE CORPORATIONS · Art. G. DISSOLUTION

Statute text

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(a)A dissolved telephone 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 telephone cooperative may sue and be sued in its corporate name.

Legislative history

Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.