Tex. Bus. Orgs. Code § 402.011 · Chapter 402. MISCELLANEOUS AND TRANSITION PROVISIONS
WINDING UP AND TERMINATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
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.402.htm
- Text hash
- sha256 5c5e90b6e6ff042ff9292e81b5932072ac35a1304585768fc3afe27a1bfae134
- 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
This section cites
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Business Organizations Code
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.