Texas § 370.332 INVOLUNTARY DISSOLUTION.

Texas Statutes

§ 370.332 — INVOLUNTARY DISSOLUTION.

Texas § 370.332

Code TNTransportation Code

This text of Texas § 370.332 (INVOLUNTARY DISSOLUTION.) 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. Transportation Code Code Ann. § 370.332 (2026).

Text

Sec. 370.332. INVOLUNTARY DISSOLUTION.

(a)The commission by order may require an authority to dissolve if the commission determines that the authority has not substantially complied with the requirements of a commission rule or an agreement between the department and the authority.

(b)The commission may not require dissolution unless:

(1)the conditions described in Sections 370.331 (c)(1) and (2) have been met; and

(2)the holders of any indebtedness have evidenced their agreement to the dissolution.

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Sec. 370.332. INVOLUNTARY DISSOLUTION. (a) The commission by order may require an authority to dissolve if the commission determines that the authority has not substantially complied with the requirements of a commission rule or an agreement between the department and the authority.
(b) The commission may not require dissolution unless:
(1) the conditions described in Sections 370.331 (c)(1) and (2) have been met; and
(2) the holders of any indebtedness have evidenced their agreement to the dissolution.