Texas § 62.162 SETTLEMENT BY TRUSTEES.

Texas Statutes

§ 62.162 — SETTLEMENT BY TRUSTEES.

Texas § 62.162

Code LGLocal Government Code

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Bluebook

Tex. Local Government Code Code Ann. § 62.162 (2026).

Text

Sec. 62.162. SETTLEMENT BY TRUSTEES.

(a)If a municipality's officers fail or refuse to settle its affairs under Section 62.161 , on the petition of any resident taxpayer of the municipality or any holder of an evidence of its indebtedness, a court with jurisdiction and located in the county in which the municipality is located shall appoint three trustees to take control of the municipality's property, dispose of the property, and settle its debts.

(b)The trustees have the same powers that municipal officers have under this subchapter.

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Sec. 62.162. SETTLEMENT BY TRUSTEES. (a) If a municipality's officers fail or refuse to settle its affairs under Section 62.161 , on the petition of any resident taxpayer of the municipality or any holder of an evidence of its indebtedness, a court with jurisdiction and located in the county in which the municipality is located shall appoint three trustees to take control of the municipality's property, dispose of the property, and settle its debts.
(b) The trustees have the same powers that municipal officers have under this subchapter.