Texas § LG.62.162 - SETTLEMENT BY TRUSTEES

Full text of Texas The Texas Constitution § LG.62.162 — SETTLEMENT BY TRUSTEES, with citation guidance and answers to common questions.

§ LG.62.162. SETTLEMENT BY TRUSTEES

SETTLEMENT BY TRUSTEES. (a) If a municipality's officers fail or refuse to settle its affairs under Section 62.161 , on the petition of any resident taxpayer of the municipality or any holder of an evidence of its indebtedness, a court with jurisdiction and located in the county in which the municipality is located shall appoint three trustees to take control of the municipality's property, dispose of the property, and settle its debts. (b) The trustees have the same powers that municipal officers have under this subchapter. Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.

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Frequently Asked Questions About Texas § LG.62.162

What does The Texas Constitution § LG.62.162 cover?

Section LG.62.162 ("SETTLEMENT BY TRUSTEES") 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.62.162?

A common citation format is "The Texas Constitution § LG.62.162" (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.62.162 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.