Texas Business Organizations Code - Section 11.051. Event Requiring Winding Up Of Domestic Entity
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§ 11.051. EVENT REQUIRING WINDING UP OF DOMESTIC
ENTITY. Winding up of a domestic entity is required on:
(1) the expiration of the domestic entity's period of
duration, if not perpetual;
(2) a voluntary decision to wind up the domestic
entity;
(3) an event specified in the governing documents of
the domestic entity requiring the winding up, dissolution, or
termination of the domestic entity;
(4) an event specified in this code requiring the
winding up or termination of the domestic entity; or
(5) a decree by a court requiring the winding up or
dissolution of the domestic entity, rendered under this code or
other law.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 10.365 10.366 10.367 10.368 10.901 10.902 11.001 11.051 11.052 11.053 11.054 11.055 11.056 11.057 11.058
Last modified: August 11, 2007
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