Texas Business Organizations Code - BUS ORG § 11.001. Definitions

(1) “Claim” means a right to payment, damages, or property, whether liquidated or unliquidated, accrued or contingent, matured or unmatured.

(2) “Event requiring a winding up” or “event requiring winding up” means an event specified by Section 11.051.

(3) “Existing claim” with respect to an entity means:

(4) “Terminated entity” means a domestic entity the existence of which has been:

(5) “Terminated filing entity” means a terminated entity that is a filing entity.

(6) “Voluntary decision to wind up” means the determination to wind up a domestic entity made by the domestic entity or the owners, members, or governing authority of the domestic entity in the manner specified by:

(7) “Voluntary winding up” means winding up as a result of a voluntary decision to wind up.

(8) “Winding up” means the process of winding up the business and affairs of a domestic entity as a result of the occurrence of an event requiring winding up.