Texas Water Code 36.310 – Assets Escheat
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Terms Used In Texas Water Code 36.310
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Upon the dissolution of a district by the commission, all assets of the district shall be sold at public auction and the proceeds given to the county if it is a single-county district. If it is a multicounty district, the proceeds shall be divided with the counties in proportion to the surface land area in each county served by the district.