Sec. 161.253. DISTRIBUTION OF NET ASSETS ON DISSOLUTION. Assets of a dissolved electric cooperative that remain after all liabilities or obligations of the cooperative have been satisfied shall be distributed pro rata to the members of the cooperative who were members when the certificate of dissolution was filed. Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.
Distribution of Net Assets On Dissolution
Tex. Utilities Code § 161.253, under Electric Cooperative Corporations.
Tex. Utilities Code § 161.253