Tex. Bus. Orgs. Code § 11.406 · Subchapter I. RECEIVERSHIP
RECEIVERS: QUALIFICATIONS, POWERS, AND DUTIES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A receiver appointed under this chapter:
(1) must be an individual citizen of the United States or an entity authorized to act as receiver;
(2) shall give a bond in the amount required by the court and with any sureties as may be required by the court;
(3) may sue and be sued in the receiver's name in any court;
(4) has the powers and duties provided by other laws applicable to receivers; and
(5) has the powers and duties that are stated in the order appointing the receiver or that the appointing court:
(A) considers appropriate to accomplish the objectives for which the receiver was appointed; and
(B) may increase or diminish at any time during the proceedings.
(b) To be appointed a receiver under this chapter, a foreign entity must be registered to transact business in this state.
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.11.htm
- Text hash
- sha256 ada6e771d176fbad00715378c74861f5a70b0535b844739b738f6eb56d9bc534
- 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
Cited by 2 provisions
Provisions in this library whose text cites Tex. Bus. Orgs. Code § 11.406. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.