Tex. Local Gov't Code Section 62.161
Settlement by Corporate Officers

(a)

If a municipality or de facto municipality that has indebtedness outstanding is abolished, declared void by a court of competent jurisdiction, or ceases to operate and exercise municipal functions, the municipality’s officers at the time the municipality is dissolved or ceases to function shall:

(1)

take control of the municipality’s property;

(2)

sell and dispose of the municipality’s property; and

(3)

settle the debts owed by the municipality.

(b)

For the purpose of settling the debts of the municipality, the former municipal officers may levy and collect a tax on the residents of the municipality in the same manner as the municipality could have done.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.

Source: Section 62.161 — Settlement by Corporate Officers, https://statutes.­capitol.­texas.­gov/Docs/LG/htm/LG.­62.­htm#62.­161 (accessed May 25, 2024).

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Accessed:
May 25, 2024

§ 62.161’s source at texas​.gov