Texas Water Code 58.786 – Appointment of Trustee
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(a) If the board orders the dissolution of the district, it shall appoint a director or some other competent person as trustee to close the affairs of the district as soon as practicable.
(b) The board shall determine the term of service and the amount of compensation for the trustee.
Terms Used In Texas Water Code 58.786
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Trustee: A person or institution holding and administering property in trust.