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Texas Business Organizations Code - Section 11.305. Judgment Requiring Winding Up And Termination

Legal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 11.305. Judgment Requiring Winding Up And Termination

§ 11.305. JUDGMENT REQUIRING WINDING UP AND 
TERMINATION.  If a district court finds in an action brought under 
this subchapter that proper grounds exist under Section 11.301(a) 
for a winding up of a filing entity's business and termination of 
the filing entity's existence, the court shall:
		(1)  make findings to that effect;  and                                       
		(2)  subject to Section 11.306, enter a judgment not 
earlier than the fifth day after the date the court makes its 
findings.

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

Last modified: August 11, 2007