Texas Statutes
§ 3886.253 — ASSUMPTION OF ASSETS AND LIABILITIES.
Texas § 3886.253
JurisdictionTexas
Code SDSpecial District Local Laws Code
This text of Texas § 3886.253 (ASSUMPTION OF ASSETS AND LIABILITIES.) 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. Special District Local Laws Code Code Ann. § 3886.253 (2026).
Text
Sec. 3886.253. ASSUMPTION OF ASSETS AND LIABILITIES.
(a)After the town dissolves the district, the town assumes the obligations of the district, including any bonds or other indebtedness payable from assessments or other district revenue.
(b)If the town dissolves the district, the board shall transfer ownership of all district property to the town.
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Legislative History
Added by Acts 2009, 81st Leg., R.S., Ch. 1077 (H.B. 4752 ), Sec. 1, eff. September 1, 2009.
Nearby Sections
15
§ 3886.001
DEFINITIONS.§ 3886.002
NATURE OF DISTRICT.§ 3886.003
FINDINGS OF PUBLIC PURPOSE AND BENEFIT.§ 3886.004
INITIAL DISTRICT TERRITORY.§ 3886.051
GOVERNING BODY; TERMS.§ 3886.052
ELIGIBILITY.§ 3886.053
VACANCY.§ 3886.054
DIRECTOR'S OATH AND AFFIRMATION.§ 3886.055
OFFICERS.§ 3886.101
GENERAL POWERS AND DUTIES.§ 3886.103
IMPROVEMENT PROJECTS.§ 3886.104
PROJECT DEVELOPMENT AGREEMENT REQUIRED.§ 3886.105
GENERAL POWERS REGARDING CONTRACTS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 3886.253, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/SD/3886.253.