Texas § SD.8104.313 - APPOINTMENT OF RECEIVER
Full text of Texas The Texas Constitution § SD.8104.313 — APPOINTMENT OF RECEIVER, with citation guidance and answers to common questions.
§ SD.8104.313. APPOINTMENT OF RECEIVER
APPOINTMENT OF RECEIVER. (a) The resolution authorizing the issuance of the bonds or notes, or the trust indenture or other instrument securing the bonds or notes, may provide that, on petition of the holders of outstanding bonds or notes, a court may appoint a receiver for the authority: (1) on default in the payment of the principal of or interest on bonds or notes; or (2) under the conditions stated in the resolution, trust indenture, or other instrument, on a threatened default in the payment of the principal of or interest on bonds or notes. (b) The receiver may collect and receive pledged revenues and receipts. (c) The resolution, trust indenture, or other instrument may limit or qualify the rights of less than all of the holders of outstanding bonds or notes payable from the same source to institute or prosecute litigation affecting the authority's properties or revenues. Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019 ), Sec. 1.06, eff. April 1, 2007.
Frequently Asked Questions About Texas § SD.8104.313
What does The Texas Constitution § SD.8104.313 cover?
Section SD.8104.313 ("APPOINTMENT OF RECEIVER") 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.8104.313?
A common citation format is "The Texas Constitution § SD.8104.313" (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.8104.313 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.