Section 11.001 - Definitions In this chapter:
(1) "Claim" means a right to payment, damages, or property, whether liquidated or unliquidated, accrued or contingent, matured or unmatured.(2) "Event requiring a winding up" or "event requiring winding up" means an event specified by Section 11.051.(3) "Existing claim" with respect to an entity means:(A) a claim that existed before the entity's termination and is not barred by limitations; or(B) a claim that exists after the entity's termination and before the third anniversary of the date of the entity's termination and is not barred by limitations, including a claim under a contractual or other obligation incurred after termination.(4) "Terminated entity" means a domestic entity the existence of which has been: (A) terminated in a manner authorized or required by this code, unless the entity has been reinstated in the manner provided by this code; or(B) forfeited pursuant to the Tax Code, unless the forfeiture has been set aside.(5) "Terminated filing entity" means a terminated entity that is a filing entity.(6) "Voluntary decision to wind up" means the determination to wind up a domestic entity made by the domestic entity or the owners, members, or governing authority of the domestic entity in the manner specified by:(A) the title of this code governing the domestic entity; or(B) if applicable to the domestic entity, Section 11.057(a) or (b) or 11.058(a).(7) "Voluntary winding up" means winding up as a result of a voluntary decision to wind up.(8) "Winding up" means the process of winding up the business and affairs of a domestic entity as a result of the occurrence of an event requiring winding up.Tex. Bus. Org. Code § 11.001
Amended by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 39,Sec. 17, eff. 9/1/2021.Amended by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 32,Sec. 18, eff. 9/1/2015.Amended by Acts 2007, 80th Leg., R.S., Ch. 688, Sec. 60, eff. 9/1/2007.