Sec. 13.156. TITLE TO PROPERTY; ASSUMPTION OF DEBT. Title to all property of the consolidating districts vests in the consolidated district, and the consolidated district assumes and is liable for the outstanding indebtedness of the consolidating districts.
Added by Acts 1995, 74th Leg., ch. 260, Sec. 1, eff. May 30, 1995.
Structure Texas Statutes
Subtitle C - Local Organization and Governance
Chapter 13 - Creation, Consolidation, and Abolition of a District
Section 13.151. Districts That May Consolidate
Section 13.152. Resolution or Petition
Section 13.153. Election Order; Notice
Section 13.154. Canvass; Result
Section 13.155. Status; Governance
Section 13.156. Title to Property; Assumption of Debt
Section 13.157. Dissolution of Consolidated School District