Texas § LG.506.151 - DISTRIBUTION OF NET EARNINGS

Full text of Texas The Texas Constitution § LG.506.151 — DISTRIBUTION OF NET EARNINGS, with citation guidance and answers to common questions.

§ LG.506.151. DISTRIBUTION OF NET EARNINGS

DISTRIBUTION OF NET EARNINGS. If the board of directors of a county alliance corporation determines that sufficient provisions have been made to pay the corporation's expenses, bonds, and other obligations, any net earnings may be distributed among the counties in the county alliance as a percentage of the per capita contributions made by each of the counties during the corporation's existence. Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278 ), Sec. 3.01, eff. April 1, 2009. SUBCHAPTER E. TERMINATION OF CORPORATION

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § LG.506.151

What does The Texas Constitution § LG.506.151 cover?

Section LG.506.151 ("DISTRIBUTION OF NET EARNINGS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Texas § LG.506.151?

A common citation format is "The Texas Constitution § LG.506.151" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Texas law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.

How does Texas § LG.506.151 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Texas.