Texas § LG.62.161 - SETTLEMENT BY CORPORATE OFFICERS
Full text of Texas The Texas Constitution § LG.62.161 — SETTLEMENT BY CORPORATE OFFICERS, with citation guidance and answers to common questions.
§ LG.62.161. SETTLEMENT BY CORPORATE OFFICERS
SETTLEMENT BY CORPORATE OFFICERS. (a) If a municipality or de facto municipality that has indebtedness outstanding is abolished, declared void by a court of competent jurisdiction, or ceases to operate and exercise municipal functions, the municipality's officers at the time the municipality is dissolved or ceases to function shall: (1) take control of the municipality's property; (2) sell and dispose of the municipality's property; and (3) settle the debts owed by the municipality. (b) For the purpose of settling the debts of the municipality, the former municipal officers may levy and collect a tax on the residents of the municipality in the same manner as the municipality could have done. Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § LG.62.161
What does The Texas Constitution § LG.62.161 cover?
Section LG.62.161 ("SETTLEMENT BY CORPORATE OFFICERS") 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.62.161?
A common citation format is "The Texas Constitution § LG.62.161" (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.62.161 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.