Texas § TN.370.331 - VOLUNTARY DISSOLUTION
Full text of Texas The Texas Constitution § TN.370.331 — VOLUNTARY DISSOLUTION, with citation guidance and answers to common questions.
§ TN.370.331. VOLUNTARY DISSOLUTION
VOLUNTARY DISSOLUTION. (a) An authority may not be dissolved unless the dissolution is approved by the commission. (b) A board may submit a request to the commission for approval to dissolve. (c) The commission may approve a request to dissolve only if: (1) all debts, obligations, and liabilities of the authority have been paid and discharged or adequate provision has been made for the payment of all debts, obligations, and liabilities; (2) there are no suits pending against the authority, or adequate provision has been made for the satisfaction of any judgment, order, or decree that may be entered against it in any pending suit; and (3) the authority has commitments from other governmental entities to assume jurisdiction of all authority transportation facilities. Added by Acts 2003, 78th Leg., ch. 1325, Sec. 2.01, eff. June 21, 2003.
Frequently Asked Questions About Texas § TN.370.331
What does The Texas Constitution § TN.370.331 cover?
Section TN.370.331 ("VOLUNTARY DISSOLUTION") 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 § TN.370.331?
A common citation format is "The Texas Constitution § TN.370.331" (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 § TN.370.331 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.