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Texas Business Organizations Code

§ 21.504 — RESPONSIBILITY FOR WINDING UP

BO § 21.504Title 2. CORPORATIONS · Ch. 21. FOR-PROFIT CORPORATIONS · Art. K. WINDING UP AND TERMINATION

Statute text

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If a corporation determines or is required to wind up, the directors of the corporation shall manage the process of winding up the business or affairs of the corporation.

Legislative history

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

Source: Texas Business Organizations Code § 21.504 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.