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Texas Business Organizations Code

§ 11.151 — REVOCATION OF VOLUNTARY WINDING UP

BO § 11.151Title 1. GENERAL PROVISIONS · Ch. 11. WINDING UP AND TERMINATION OF DOMESTIC ENTITY · Art. D. REVOCATION AND CONTINUATION

Statute text

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(a)Before the termination of the existence of a domestic entity takes effect, the domestic entity may revoke a voluntary decision to wind up the entity by approval of the revocation in the manner specified in the title of this code governing the entity.
(b)A domestic entity may continue its business following the revocation of a voluntary decision to wind up under Subsection (a).

Legislative history

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

Source: Texas Business Organizations Code § 11.151 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.