Tex. Bus. Orgs. Code Section 402.011
Winding up and Termination


(a)

Chapter 11 (Winding up and Termination of Domestic Entity) applies to:

(1)

an action for involuntary or judicial winding up and termination commenced after the mandatory application date; or

(2)

a voluntary winding up and termination proceeding initiated after the mandatory application date by:

(A)

the governing authority;

(B)

the terms of the governing documents; or

(C)

applicable law.

(b)

The prior law governs:

(1)

an action described by Subsection (a)(1) that is pending on the mandatory application date; or

(2)

a proceeding described by Subsection (a)(2) initiated before the mandatory application date.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Source: Section 402.011 — Winding up and Termination, https://statutes.­capitol.­texas.­gov/Docs/BO/htm/BO.­402.­htm#402.­011 (accessed Apr. 29, 2024).

Accessed:
Apr. 29, 2024

§ 402.011’s source at texas​.gov