Texas § SD.7208.0153 - TRANSFER OF ASSETS
Full text of Texas The Texas Constitution § SD.7208.0153 — TRANSFER OF ASSETS, with citation guidance and answers to common questions.
§ SD.7208.0153. TRANSFER OF ASSETS
TRANSFER OF ASSETS; DISSOLUTION. (a) If the creation of the district is confirmed under Section 7208.0152 , the corporation shall transfer the assets, debts, and contractual rights and obligations of the corporation to the district. (b) Following the transfer under Subsection (a): (1) the board of directors of the corporation shall commence dissolution proceedings of the corporation; (2) Certificate of Convenience and Necessity No. 10666 is considered to be held by the district; and (3) the board of directors of the corporation shall notify: (A) the Texas Commission on Environmental Quality of the dissolution of the corporation; and (B) the Public Utility Commission of Texas of the transfer of Certificate of Convenience and Necessity No. 10666 to the district. (c) On receipt of notice under Subsection (b)(3)(B), the Public Utility Commission of Texas shall note in its records that Certificate of Convenience and Necessity No. 10666 is held by the district and shall reissue the certificate in the name of the district without further application, notice, or hearing. A person, party, or entity does not have any right of protest, objection, or administrative review of the transfer prescribed by this section. Added by Acts 2023, 88th Leg., R.S., Ch. 373 (H.B. 5303 ), Sec. 1, eff. September 1, 2023.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § SD.7208.0153
What does The Texas Constitution § SD.7208.0153 cover?
Section SD.7208.0153 ("TRANSFER 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.7208.0153?
A common citation format is "The Texas Constitution § SD.7208.0153" (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.7208.0153 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.