Texas Special District Local Laws Code Chapter 1002 > Subchapter E – Dissolution
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Terms Used In Texas Special District Local Laws Code Chapter 1002 > Subchapter E - Dissolution
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Contract: A legal written agreement that becomes binding when signed.
- Donor: The person who makes a gift.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Week: means seven consecutive days. See Texas Government Code 311.005