Tex. Local Government Code § 62.162
This is the official text of Tex. Local Government Code § 62.162, part of Texas’s Local Government Code — governs the powers and operations of Texas cities and counties.
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§ 62.162. SETTLEMENT BY TRUSTEES.
Official statutory text
(a) If a municipality's officers fail or refuse to settle its affairs under Section 62.161, on the petition of any resident taxpayer of the municipality or any holder of an evidence of its indebtedness, a court with jurisdiction and located in the county in which the municipality is located shall appoint three trustees to take control of the municipality's property, dispose of the property, and settle its debts.
(b) The trustees have the same powers that municipal officers have under this subchapter.
(b) The trustees have the same powers that municipal officers have under this subchapter.
Status: in_force · Read it on the official government site
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