Tex. Bus. Org. Code § 21.757
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Except as provided by Section 21.756, in a case in which a shareholder is entitled to wind up and terminate a close corporation under a shareholders' agreement, a court may not order liquidation, involuntary termination, or receivership under that section unless the court determines that any other remedy in law or equity, including appointment of a provisional director, custodian, or other type of receiver, is inadequate.
Tex. Bus. Org. Code § 21.757