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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) If the trustee determines that further efforts to rehabilitate the provider would be impractical or useless, the trustee may apply to the court that ordered the rehabilitation for an order of liquidation.
(b) A court that has jurisdiction may issue an order to liquidate a facility on application of the board, regardless of whether an order to rehabilitate the facility exists. If the court issues an order to liquidate, the court shall appoint a trustee to collect and liquidate all of the provider's assets located in this state.
(c) A person may not contract for continuing care at a facility after an order to liquidate that facility has been entered.
Cite this article: FindLaw.com - Texas Health and Safety Code - HEALTH & SAFETY § 246.094. Order to Liquidate - last updated January 01, 2024 | https://codes.findlaw.com/tx/health-and-safety-code/health-safety-sect-246-094/
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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