Texas Special District Local Laws Code 8803.155 – Election to Confirm Merger Agreement
Current as of: 2024 | Check for updates
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(a) Before a proposed merger agreement described by § 8803.152 may take effect, the board shall hold an election to confirm the agreement.
(b) The election must be held on the first authorized uniform election date after the board, the directors, and, if required, the members of the water supply or sewer service corporation approve the proposed merger agreement that allows sufficient time for the board to comply with all applicable provisions of the Election Code.
Terms Used In Texas Special District Local Laws Code 8803.155
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.