Tex. Utils. Code Section 251.054
Expenses and Liabilities of Corporation

(a)

All expenses of the corporation shall be paid from income of the corporation.

(b)

A liability created by the corporation is not a debt of this state, and the corporation may not secure a liability with funds or assets of this state.

Added by Acts 1999, 76th Leg., ch. 62, Sec. 18.17(a), eff. Sept. 1, 1999.

Source: Section 251.054 — Expenses and Liabilities of Corporation, https://statutes.capitol.texas.gov/Docs/UT/htm/UT.251.htm#251.054 (accessed Apr. 20, 2024).

251.001
Short Title 251.002
Definitions 251.003
Exemptions 251.004
Application to Certain Contractors and State Employees 251.005
Conversion of Facility or Operator 251.006
Compliance by Permit Holders 251.007
Facility on County or Municipal Road 251.008
Effect on Civil Remedies 251.009
Provision of General Information 251.051
Purpose 251.052
Nonprofit Corporation 251.053
Application of Open Meetings and Open Records Laws 251.054
Expenses and Liabilities of Corporation 251.055
Board of Directors 251.056
Terms 251.057
Declaration of Board Vacancy 251.058
Officers 251.059
Entitlement to Vote 251.060
Duties of Corporation 251.061
Contract for Statewide Toll-free Number and Call Router System 251.062
Fees and Rates 251.101
Notification Center 251.102
General Duties of Notification Center 251.103
Records 251.104
Insurance 251.105
Fees and Charges 251.106
Payments to Corporation 251.107
Duty to Participate in Notification Center 251.151
Duty of an Excavator 251.152
Information Included in Notice 251.153
Duty of Notification Center 251.154
Notification by an Excavator 251.155
Exception in Case of Emergency 251.156
Other Exceptions to Duty of Excavators 251.157
Duty of Operator to Person Excavating 251.158
Duty of Operator in Event of an Extraordinary Circumstance 251.159
Excavation Damage 251.201
Civil Penalty or Warning Letter 251.202
Allocation of Civil Penalty 251.203
Criminal Penalty 251.2011
Warning Letter and Safety Training Course

Accessed:
Apr. 20, 2024

§ 251.054’s source at texas.gov

Stay Connected

Join thousands of people who receive monthly site updates.

Get Legal Help

The State Bar of Texas runs a service for finding an attorney in good standing. Initial consultations are usually free or discounted: Lawyer Referral & Information Service (LRIS)

Committed to Public Service

We will always provide free access to the current law. In addition, we provide special support for non-profit, educational, and government users. Through social entrepreneurship, we’re lowering the cost of legal services and increasing citizen access.

Navigate

California:	Codes
Colorado:	C.R.S.
Nevada:	NRS
New York:	Laws
Oregon:	OAR, ORS
Texas:	Statutes
World:	Rome Statute, International Dictionary

Location: https://texas.public.law/statutes/tex._utils._code_section_251.054

Original Source: Section 251.054 — Expenses and Liabilities of Corporation, https://statutes.capitol.texas.gov/Docs/UT/htm/UT.251.htm#251.054 (last accessed Apr. 20, 2024).