Sec. 375.262. DISSOLUTION BY PETITION BY OWNERS

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Except as limited by Section 375.264, the board shall dissolve the district on written petition filed with the board by the owners of:
(1) 75 percent or more of the assessed value of the property in the district based on the most recent certified county property tax rolls; or
(2) 75 percent or more of the surface area of the district, excluding roads, streets, highways, utility rights-of-way, other public areas, and other property exempt from assessment under Sections 375.161, 375.163, and 375.164, according to the most recent certified county property tax rolls.

Added by Acts 1991, 72nd Leg., ch. 16, Sec. 13.05(a), eff. Aug. 26, 1991.

                    
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