Tex. Bus. Org. Code § 21.763

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 21.763 - Termination of Custodianship

If the condition requiring the appointment of a custodian is remedied other than by liquidation or winding up and termination, the court shall terminate the custodianship immediately and management of the close corporation shall be restored to the directors or shareholders of the close corporation or to the persons empowered to manage the business and affairs of the close corporation under a shareholders' agreement.

Tex. Bus. Org. Code § 21.763

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.