Sec. 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.
Expenses and Liabilities of Corporation
Tex. Utilities Code § 251.054, under Underground Facility Damage Prevention and Safety.
Tex. Utilities Code § 251.054