Texas § 1101.304 TRANSFER OR ADMINISTRATION OF ASSETS.

Texas Statutes

§ 1101.304 — TRANSFER OR ADMINISTRATION OF ASSETS.

Texas § 1101.304

Code SDSpecial District Local Laws Code

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Bluebook

Tex. Special District Local Laws Code Code Ann. § 1101.304 (2026).

Text

Sec. 1101.304. TRANSFER OR ADMINISTRATION OF ASSETS.

(a)If a majority of the votes in an election under this subchapter favor dissolution, the board shall:

(1)transfer to Sutton County the land, buildings, improvements, equipment, and other assets that belong to the district; or

(2)administer the property, assets, and debts in accordance with Sections 1101.305 , 1101.306 , and 1101.307 .

(b)If the board makes the transfer under Subsection (a)(1), Sutton County assumes all debts and obligations of the district at the time of the transfer, and the district is dissolved.

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Sec. 1101.304. TRANSFER OR ADMINISTRATION OF ASSETS. (a) If a majority of the votes in an election under this subchapter favor dissolution, the board shall:
(1) transfer to Sutton County the land, buildings, improvements, equipment, and other assets that belong to the district; or
(2) administer the property, assets, and debts in accordance with Sections 1101.305 , 1101.306 , and 1101.307 .
(b) If the board makes the transfer under Subsection (a)(1), Sutton County assumes all debts and obligations of the district at the time of the transfer, and the district is dissolved.