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Current as of January 01, 2024 | Updated by Findlaw Staff
Winding up of a domestic entity is required on:
(1) the expiration of any period of duration specified in the domestic entity's governing documents;
(2) a voluntary decision to wind up the domestic entity;
(3) an event specified in the governing documents of the domestic entity requiring the winding up, dissolution, or termination of the domestic entity, other than an event specified in another subdivision of this section;
(4) an event specified in other sections of this code requiring the winding up or termination of the domestic entity, other than an event specified in another subdivision of this section; or
(5) a decree by a court requiring the winding up, dissolution, or termination of the domestic entity, rendered under this code or other law.
Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 11.051. Event Requiring Winding Up of Domestic Entity - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-11-051/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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