Texas Transportation Code 171.302 – Dissolution
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Terms Used In Texas Transportation Code 171.302
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Lawsuit: A legal action started by a plaintiff against a defendant based on a complaint that the defendant failed to perform a legal duty, resulting in harm to the plaintiff.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
In addition to the dissolution procedures provided by Chapter 172, the board may dissolve a district if:
(1) all district liabilities have been paid or adequate provision has been made for the payment of all liabilities;
(2) the district is not a party to any lawsuits or adequate provision has been made for the satisfaction of any judgment or order that may be entered against the district in a lawsuit to which the district is a party; and
(3) the district has commitments from other governmental entities to assume jurisdiction of all district rail facilities.