Texas Water Code 51.176 – Receiver for Leased Irrigation System
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(a) If the district defaults in the payments due under a lease, the lessor may petition a court of competent jurisdiction to appoint a receiver for the leased properties.
(b) The receiver shall operate the properties and collect and distribute the revenue according to the terms of the lease and the direction of the court.
Terms Used In Texas Water Code 51.176
- 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.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(c) The receiver has the same rights and powers as the board in its operation of the leased properties.