Texas Business Organizations Code - Section 21.763. Termination Of Custodianship
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Texas Laws > Business Organizations Code > Texas Business Organizations Code - Section 21.763. Termination Of Custodianship
§ 21.763. TERMINATION OF CUSTODIANSHIP. If the condition
requiring the appointment of a custodian is remedied other than by
liquidation or winding up and termination, the court shall
terminate the custodianship immediately and management of the close
corporation shall be restored to the directors or shareholders of
the close corporation or to the persons empowered to manage the
business and affairs of the close corporation under a shareholders'
agreement.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 21.756 21.757 21.758 21.759 21.760 21.761 21.762 21.763 21.801 21.802 22.001 22.002 22.051 22.052 22.053
Last modified: August 11, 2007
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