Texas Business Organizations Code

§ 11.358 — ACCELERATED PROCEDURE FOR EXISTING CLAIM RESOLUTION

BO § 11.358Title 1. GENERAL PROVISIONS · Ch. 11. WINDING UP AND TERMINATION OF DOMESTIC ENTITY · Art. H. CLAIMS RESOLUTION ON TERMINATION

Statute text

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(a)A terminated filing entity may shorten the period for resolving a person's existing claim against the entity by giving notice by registered or certified mail, return receipt requested, to the claimant at the claimant's last known address that the claim must be resolved under this section.

(b)The notice required under Subsection (a) must:

(1)state the requirements of Subsections (c) and (d) for presenting a claim;

(2)provide the mailing address to which the person's claim against the terminated filing entity must be sent;

(3)state that the claim will be extinguished if written presentation of the claim is not received at the address given on or before the date specified in the notice, which may not be earlier than the 120th day after the date the notice is mailed to the person by the terminated filing entity; and

(4)be accompanied by a copy of this section.

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Legislative history

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