Texas Business Organizations Code - Section 402.011. Winding Up And Termination
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§ 402.011. WINDING UP AND TERMINATION. (a) Chapter 11
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, § 1, eff. Jan. 1, 2006.
Section: 401.001 402.001 402.002 402.003 402.004 402.005 402.006 402.007 402.008 402.009 402.010 402.011 402.012 402.013 402.014
Last modified: August 11, 2007
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