Texas Code § 58.172

RECEIVER FOR LEASED IRRIGATION SYSTEM
Open in Lexace · Ask the AI about this section
Sec. 58.172. RECEIVER FOR LEASED IRRIGATION SYSTEM. (a) If the district defaults in the payments due under a lease, the lessor may petition a court of competent jurisdiction to appoint a receiver for the leased properties.
(b) The receiver shall operate the properties and collect and distribute the revenue according to the terms of the lease and the direction of the court.
(c) The receiver has the same rights and powers as the board in its operation of the leased properties.

‹ Prev All Texas sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.