Texas Statutes
§ 504.104 — ASSUMPTION OR PAYMENT OF PREEXISTING DEBT PROHIBITED.
Texas § 504.104
JurisdictionTexas
Code LGLocal Government Code
This text of Texas § 504.104 (ASSUMPTION OR PAYMENT OF PREEXISTING DEBT PROHIBITED.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Local Government Code Code Ann. § 504.104 (2026).
Text
Sec. 504.104. ASSUMPTION OR PAYMENT OF PREEXISTING DEBT PROHIBITED. A Type A corporation may not:
(1)assume a debt that existed before the date the authorizing municipality authorized the creation of the corporation; or
(2)make an expenditure to pay the principal of or interest on a debt that existed before the date prescribed by Subdivision (1).
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278 ), Sec. 3.01, eff. April 1, 2009.
Nearby Sections
15
§ 504.001
DEFINITION.§ 504.002
APPLICABILITY OF CHAPTER.§ 504.003
AUTHORITY TO CREATE CORPORATION.§ 504.051
BOARD OF DIRECTORS.§ 504.052
OFFICERS.§ 504.053
QUORUM.§ 504.054
LOCATION OF BOARD MEETINGS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 504.104, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/LG/504.104.