Texas § SD.1050.305 - TRANSFER OR ADMINISTRATION OF ASSETS
Full text of Texas The Texas Constitution § SD.1050.305 — TRANSFER OR ADMINISTRATION OF ASSETS, with citation guidance and answers to common questions.
§ SD.1050.305. TRANSFER OR ADMINISTRATION OF ASSETS
TRANSFER OR ADMINISTRATION OF ASSETS. (a) If a majority of the votes in an election held under this subchapter favor dissolution, the board shall: (1) transfer the land, buildings, improvements, equipment, and other assets that belong to the district to Knox County or another governmental entity in Knox County; or (2) administer the property, assets, and debts until all money has been disposed of and all district debts have been paid or settled. (b) If the board makes the transfer under Subsection (a)(1), the county or entity assumes all debts and obligations of the district at the time of the transfer, and the district is dissolved. (c) If Subsection (a)(1) does not apply and the board administers the property, assets, and debts of the district under Subsection (a)(2), the district is dissolved when all money has been disposed of and all district debts have been paid or settled. Added by Acts 2013, 83rd Leg., R.S., Ch. 1040 (H.B. 2907 ), Sec. 12, eff. June 14, 2013.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § SD.1050.305
What does The Texas Constitution § SD.1050.305 cover?
Section SD.1050.305 ("TRANSFER OR ADMINISTRATION OF ASSETS") 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 § SD.1050.305?
A common citation format is "The Texas Constitution § SD.1050.305" (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 § SD.1050.305 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.