Texas Statutes (Last Updated: January 4, 2014) |
BUSINESS ORGANIZATIONS CODE |
Title 1. GENERAL PROVISIONS |
Chapter 11. WINDING UP AND TERMINATION OF DOMESTIC ENTITY |
Subchapter B. WINDING UP OF DOMESTIC ENTITY |
Sec. 11.054. COURT SUPERVISION OF WINDING UP PROCESS
Latest version.
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Subject to the other provisions of this code, on application of a domestic entity or an owner or member of a domestic entity, a court may:
(1) supervise the winding up of the domestic entity;
(2) appoint a person to carry out the winding up of the domestic entity; and
(3) make any other order, direction, or inquiry that the circumstances may require.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.