Texas Business Organizations Code 11.312 – Compliance by Terminated Entity
Current as of: 2024 | Check for updates
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Terms Used In Texas Business Organizations Code 11.312
- Business: means a trade, occupation, profession, or other commercial activity. See Texas Business Organizations Code 1.002
- Entity: means a domestic entity or foreign entity. See Texas Business Organizations Code 1.002
- Filing entity: means a domestic entity that is a corporation, limited partnership, limited liability company, professional association, cooperative, or real estate investment trust. See Texas Business Organizations Code 1.002
On the decree of a court requiring winding up of a filing entity‘s business, the filing entity shall comply with:
(1) the requirements of the decree concerning the winding up process; and
(2) Subchapter B to the extent it does not conflict with the decree.