Texas Special District Local Laws Code 3875.133 – Transfer of Property and Assets
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Terms Used In Texas Special District Local Laws Code 3875.133
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Property: means real and personal property. See Texas Government Code 311.005
After the board elects to dissolve the district, the board shall transfer ownership of all property and assets of the district to Smith County.