Tex. Util. Code § 162.302

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 162.302 - Existence Following Dissolution

(a) A dissolved telephone cooperative continues to exist to:

(1) satisfy existing liabilities or obligations;

(2) collect or liquidate its assets; and

(3) take any other action required to adjust and wind up its business and affairs.

(b) A dissolved telephone cooperative may sue and be sued in its corporate name.

Tex. Util. Code § 162.302

Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.