Texas Statutes
§ 251.054 — EXPENSES AND LIABILITIES OF CORPORATION.
Texas § 251.054
JurisdictionTexas
Code UTUtilities Code
This text of Texas § 251.054 (EXPENSES AND LIABILITIES OF CORPORATION.) 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. § 251.054 (2026).
Text
Sec. 251.054. EXPENSES AND LIABILITIES OF CORPORATION.
(a)All expenses of the corporation shall be paid from income of the corporation.
(b)A liability created by the corporation is not a debt of this state, and the corporation may not secure a liability with funds or assets of this state.
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Legislative History
Added by Acts 1999, 76th Leg., ch. 62, Sec. 18.17(a), eff. Sept. 1, 1999.
Nearby Sections
15
§ 251.001
SHORT TITLE.§ 251.002
DEFINITIONS.§ 251.003
EXEMPTIONS.§ 251.005
CONVERSION OF FACILITY OR OPERATOR.§ 251.006
COMPLIANCE BY PERMIT HOLDERS.§ 251.008
EFFECT ON CIVIL REMEDIES.§ 251.009
PROVISION OF GENERAL INFORMATION.§ 251.051
PURPOSE.§ 251.052
NONPROFIT CORPORATION.§ 251.055
BOARD OF DIRECTORS.§ 251.056
TERMS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 251.054, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/UT/251.054.