Terms Used In Texas Special District Local Laws Code 1043.303

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.

The ballot for an election under this subchapter must be printed to permit voting for or against the proposition: “The dissolution of the Hopkins County Hospital District and the transfer of its assets and liabilities in the following manner: __________ (insert provisions for transfer).”