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.
Structure Texas Statutes
Title 5 - Provisions Affecting the Operation of Utility Facilities
Chapter 251 - Underground Facility Damage Prevention and Safety
Subchapter B. Texas Underground Facility Notification Corporation
Section 251.052. Nonprofit Corporation
Section 251.053. Application of Open Meetings and Open Records Laws
Section 251.054. Expenses and Liabilities of Corporation
Section 251.055. Board of Directors
Section 251.057. Declaration of Board Vacancy
Section 251.059. Entitlement to Vote
Section 251.060. Duties of Corporation
Section 251.061. Contract for Statewide Toll-Free Number and Call Router System