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Texas Business Organizations Code

§ 11.054 — COURT SUPERVISION OF WINDING UP PROCESS

BO § 11.054Title 1. GENERAL PROVISIONS · Ch. 11. WINDING UP AND TERMINATION OF DOMESTIC ENTITY · Art. B. WINDING UP OF DOMESTIC ENTITY

Statute text

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Subject to the other provisions of this code, on application of a domestic entity or an owner or member of a domestic entity, a court may:
(1)supervise the winding up of the domestic entity;
(2)appoint a person to carry out the winding up of the domestic entity; and
(3)make any other order, direction, or inquiry that the circumstances may require.

Legislative history

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Source: Texas Business Organizations Code § 11.054 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.