Sec. 162.302.  EXISTENCE FOLLOWING DISSOLUTION.  (a)  A dissolved telephone cooperative continues to exist to:
(1)  satisfy existing liabilities or obligations;
(2)  collect or liquidate its assets;  and
(3)  take any other action required to adjust and wind up its business and affairs.
(b)  A dissolved telephone cooperative may sue and be sued in its corporate name.
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.