Tex. Bus. Orgs. Code § 101.551 · Subchapter L. SUPPLEMENTAL WINDING UP AND TERMINATION PROVISIONS

PERSONS ELIGIBLE TO WIND UP COMPANY.

Verbatim from the official edition

Text — Current through the 89th 2nd Called Legislative Session, 2025

After an event requiring the winding up of a limited liability company unless a revocation as provided by Section 11.151 or a cancellation as provided by Section 11.152 occurs, the winding up of the company must be carried out by:

(1) the company's governing authority or one or more persons, including a governing person, designated by the governing authority, the members, or the governing documents;

(2) if the event requiring the winding up of the company is the termination of the continued membership of the last remaining member of the company, the legal representative or successor of the last remaining member or one or more persons designated by the legal representative or successor; or

(3) a person appointed by the court to carry out the winding up of the company under Section 11.054, 11.405, 11.409, or 11.410.

Notes and commentary — not statutory text

History

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

Source of truth

Edition: Current through the 89th 2nd Called Legislative Session, 2025
Official file: https://statutes.capitol.texas.gov/Docs/BO/htm/BO.101.htm
Text hash: sha256 405f64f5130675491f13773345dec04a7db3b79af8e9674d947c5618c47edb7b
Composed by: compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character

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Business Organizations Code

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