Texas Business Organizations Code

§ 11.001 — DEFINITIONS

BO § 11.001Title 1. GENERAL PROVISIONS · Ch. 11. WINDING UP AND TERMINATION OF DOMESTIC ENTITY · Art. A. GENERAL PROVISIONS

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In this chapter:

(1)"Claim" means a right to payment, damages, or property, whether liquidated or unliquidated, accrued or contingent, matured or unmatured.

(2)"Event requiring a winding up" or "event requiring winding up" means an event specified by Section 11.051.

(3)"Existing claim" with respect to an entity means:

(A)a claim that existed before the entity's termination and is not barred by limitations; or

(B)a claim that exists after the entity's termination and before the third anniversary of the date of the entity's termination and is not barred by limitations, including a claim under a contractual or other obligation incurred after termination.

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Legislative history

Acts 2007, 80th Leg., R.S., Ch. 688 (H.B. 1737), Sec. 60, eff. September 1, 2007. Acts 2015, 84th Leg., R.S., Ch. 32 (S.B. 860), Sec. 18, eff. September 1, 2015. Acts 2021, 87th Leg., R.S., Ch. 39 (S.B. 1203), Sec. 17, eff. September 1, 2021.