Sec. 56.302. TRUSTEE'S COMPENSATION. (a) The trustee is entitled to receive for his services one percent of all money received by him for the dissolved district and one percent on all money he pays out under this subchapter, but he is not entitled to receive a commission on money controlled by him when the district was dissolved or money relinquished by him at the expiration of his trusteeship.
(b) Only one compensation shall be paid to the trustee for his services as trustee and ex officio treasurer of the dissolved district.
Acts 1971, 62nd Leg., p. 525, ch. 58, Sec. 1, eff. Aug. 30, 1971.
Structure Texas Statutes
Title 4 - General Law Districts
Chapter 56 - Drainage Districts
Section 56.291. Authority to Dissolve a District
Section 56.295. Result of the Election
Section 56.296. Settlement of Debts
Section 56.297. Dissolution Tax
Section 56.299. Retirement of Bonds
Section 56.301. Trustee's Bond
Section 56.302. Trustee's Compensation
Section 56.303. Powers of the Trustee
Section 56.304. Expenses of the Trustee
Section 56.305. Presentation of Claims
Section 56.306. Approval of Claim
Section 56.308. Rejection of Claim
Section 56.309. Bonds and Approved Claims