EXISTENCE FOLLOWING DISSOLUTION
Known as the Telephone Cooperative Act
The act spans §§ 162–162 (61 sections).
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff
(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.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.