DecisionDepot
California legal research

Texas Business Organizations Code

§ 22.305 — DISTRIBUTION PLAN

BO § 22.305Title 2. CORPORATIONS · Ch. 22. NONPROFIT CORPORATIONS · Art. G. WINDING UP AND TERMINATION

Statute text

View on source
A plan providing for the distribution of property may be adopted by a corporation in the process of winding up, and shall be adopted by a corporation to authorize a transfer or conveyance of assets for which this chapter requires a plan of distribution, in the manner provided by this subchapter.

Legislative history

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

Source: Texas Business Organizations Code § 22.305 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.