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Texas Business Organizations Code - Section 11.353. Discharge Of Liability Of Person Responsible For Liquidation

Legal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 11.353. Discharge Of Liability Of Person Responsible For Liquidation

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§ 11.353. DISCHARGE OF LIABILITY OF PERSON RESPONSIBLE FOR LIQUIDATION. A person responsible for the distribution in liquidation of a filing entity's assets will be released and discharged from further liability with respect to money received from the liquidation when the person deposits the money with the comptroller under Section 11.352. Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.

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Last modified: August 11, 2007