Tex. Bus. Orgs. Code § 11.408 · Subchapter I. RECEIVERSHIP
SUPERVISING COURT; JURISDICTION; AUTHORITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A court supervising a receivership under this subchapter may, from time to time:
(1) make allowances to a receiver or attorney in the proceeding; and
(2) direct the payment of a receiver or attorney from the property of the domestic entity that is within the scope of the receivership or the proceeds of any sale or disposition of that property.
(b) A court that appoints a receiver under this subchapter for the property or business of a domestic entity has exclusive jurisdiction over the domestic entity and all of its property, regardless of where the property is located.
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 e0e5a16d028b740bb2c649b579ee4162a3f0d0c4ee0d22b698a979d3586bc2a4
- 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
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.