Texas Business Organizations Code 11.055 – Court Action or Proceeding During Winding Up
Current as of: 2024 | Check for updates
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Terms Used In Texas Business Organizations Code 11.055
- Domestic: means , with respect to an entity, that the entity is formed under this code or the entity's internal affairs are governed by this code. See Texas Business Organizations Code 1.002
- Domestic entity: means an organization formed under or the internal affairs of which are governed by this code. See Texas Business Organizations Code 1.002
- Entity: means a domestic entity or foreign entity. See Texas Business Organizations Code 1.002
During the winding up process, a domestic entity may continue prosecuting or defending a court action or proceeding by or against the domestic entity.