Texas Special District Local Laws Code Chapter 1091 > Subchapter G – Dissolution
Current as of: 2024 | Check for updates
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Other versions
| § 1091.301 | Dissolution; Election |
| § 1091.302 | Notice of Election |
| § 1091.303 | Ballot |
| § 1091.304 | Election Results |
| § 1091.305 | Sale or Transfer of Assets and Liabilities |
Terms Used In Texas Special District Local Laws Code Chapter 1091 > Subchapter G - Dissolution
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- 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.
- Property: means real and personal property. See Texas Government Code 311.005
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005
- Week: means seven consecutive days. See Texas Government Code 311.005