Texas Business Organizations Code - BUS ORG § 21.757. Liquidation;  Involuntary Winding Up and Termination;  Receivership

Except as provided by Section 21.756, in a case in which a shareholder is entitled to wind up and terminate a close corporation under a shareholders' agreement, a court may not order liquidation, involuntary termination, or receivership under that section unless the court determines that any other remedy in law or equity, including appointment of a provisional director, custodian, or other type of receiver, is inadequate.