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Texas Business Organizations Code - BUS ORG § 11.402. Jurisdiction to Appoint Receiver

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) A court that has subject matter jurisdiction over specific property of a domestic or foreign entity that is located in this state and is involved in litigation has jurisdiction to appoint a receiver for that property as provided by Section 11.403.

(b) A district court in the county in which the registered office or principal place of business of a domestic entity is located has jurisdiction to:

(1) appoint a receiver for the property and business of a domestic entity for the purpose of rehabilitating the entity as provided by Section 11.404;  or

(2) order the liquidation of the property and business of a domestic entity and appoint a receiver to effect that liquidation as provided by Section 11.405.

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Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 11.402. Jurisdiction to Appoint Receiver - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-11-402/

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