Texas Water Code 66.404 – Effect of Commission Order
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Terms Used In Texas Water Code 66.404
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
On the issuance of the order of dissolution by the commission, the dissolved district ceases to exist as a governmental entity, and the board shall continue in existence only for the purpose of transferring district funds and disposing of district assets.