Sec. 402.011. WINDING UP AND TERMINATION. (a) Chapter 11 applies to: (1) an action for involuntary or judicial winding up and termination commenced after the mandatory application date; or (2) a voluntary winding up and termination proceeding initiated after the mandatory application date by: (A) the governing authority; (B) the terms of the governing documents; or (C) applicable law. (b) The prior law governs: (1) an action described by Subsection (a)(1) that is pending on the mandatory application date; or (2) a proceeding described by Subsection (a)(2) initiated before the mandatory application date.
‹ Prev All Texas sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.