Sections
Subchapter A General Provisions 7202.001 – 7202.006
Subchapter B Board of Directors 7202.051
Subchapter C Powers and Duties 7202.101 – 7202.103

Terms Used In Texas Special District Local Laws Code Chapter 7202

  • 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.
  • Estate: means a decedent's property, as that property:
    (1) exists originally and as the property changes in form by sale, reinvestment, or otherwise;
    (2) is augmented by any accretions and other additions to the property, including any property to be distributed to the decedent's representative by the trustee of a trust that terminates on the decedent's death, and substitutions for the property; and
    (3) is diminished by any decreases in or distributions from the property. See Texas Estates Code 22.012
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Property: means real and personal property. See Texas Government Code 311.005
  • Right of survivorship: The ownership rights that result in the acquisition of title to property by reason of having survived other co-owners.