Section 62.041 - Application for and Appointment of Receiver(a) Any creditor of a validly incorporated municipality that abolishes its corporate existence may apply to a district judge in the district in which the municipality is located to appoint a receiver for the municipality.(b) After an application is filed and proper notice of the application is posted, the judge hearing the application in term time or vacation may appoint a suitable person as receiver.Tex. Loc. Gov't. Code § 62.041
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. 9/1/1987.