HOUSE BILL 3581 |
HOUSE AUTHOR: Hightower |
EFFECTIVE: 06-17-97 |
SENATE SPONSOR: Ogden |
House Bill 3581 amends the Civil Practice and Remedies Code to permit the receiver of a railroad company located wholly within this state that has been in receivership for more than 50 years to apply to the court to terminate the receivership and disburse the assets of the railroad company to one or more nonprofit charitable organizations located in the county in which the receiver was appointed.