Texas Statutes
§ 161.253 — DISTRIBUTION OF NET ASSETS ON DISSOLUTION.
Texas § 161.253
JurisdictionTexas
Code UTUtilities Code
This text of Texas § 161.253 (DISTRIBUTION OF NET ASSETS ON 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. Utilities Code Code Ann. § 161.253 (2026).
Text
Sec. 161.253. DISTRIBUTION OF NET ASSETS ON DISSOLUTION. Assets of a dissolved electric cooperative that remain after all liabilities or obligations of the cooperative have been satisfied shall be distributed pro rata to the members of the cooperative who were members when the certificate of dissolution was filed.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.
Nearby Sections
15
§ 161.001
SHORT TITLE.§ 161.002
DEFINITIONS.§ 161.003
CONSTRUCTION OF CHAPTER.§ 161.004
CERTAIN CORPORATE NAMES PROHIBITED.§ 161.005
CHAPTER COMPLETE AND CONTROLLING.§ 161.051
INCORPORATORS.§ 161.052
DURATION OF CORPORATION.§ 161.053
NAME OF ELECTRIC COOPERATIVE.§ 161.054
ARTICLES OF INCORPORATION.§ 161.057
ORGANIZATIONAL MEETING.§ 161.059
NONPROFIT OPERATION.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 161.253, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/UT/161.253.