Texas Local Government Code 293.034 – Transfer of Assets to County; Dissolution
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Terms Used In Texas Local Government Code 293.034
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
On payment of all of its indebtedness, the authority shall convey all of its assets to the county, without cost to the county. On this conveyance, the authority is dissolved.