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Texas Business Organizations Code - BUS ORG § 11.408. Supervising Court;  Jurisdiction;  Authority

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

(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.

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Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 11.408. Supervising Court;  Jurisdiction;  Authority - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-11-408/

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