Texas Business Organizations Code 11.313 – Timing of Termination
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Terms Used In Texas Business Organizations Code 11.313
- Entity: means a domestic entity or foreign entity. See Texas Business Organizations Code 1.002
A court may enter a decree under § 11.301 terminating the existence of a filing entity:
(1) when the court considers it necessary or advisable; or
(2) on completion of the winding up process.