Water Code § 60.178
An encumbrance may authorize foreclosure by a trustee, and may allow a franchise to be granted to a foreclosure purchaser to run the encumbered property for up to 20 years after default. The district may also repurchase the property at five-year intervals for 20 years after default on reasonable terms and prices set in
- Jurisdiction
- United States — Texas
- Instrument
- Code
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
Statute overview
About this statute
An encumbrance may authorize foreclosure by a trustee, and may allow a franchise to be granted to a foreclosure purchaser to run the encumbered property for up to 20 years after default. The district may also repurchase the property at five-year intervals for 20 years after default on reasonable terms and prices set in the encumbrance.
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Water Code § 60.178
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