Sec. 171.302. DISSOLUTION. In addition to the dissolution procedures provided by Chapter 172 , the board may dissolve a district if: (1) all district liabilities have been paid or adequate provision has been made for the payment of all liabilities; (2) the district is not a party to any lawsuits or adequate provision has been made for the satisfaction of any judgment or order that may be entered against the district in a lawsuit to which the district is a party; and (3) the district has commitments from other governmental entities to assume jurisdiction of all district rail facilities.
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