Tex. Bus. Org. Code § 22.307

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 22.307 - Responsibility for Winding Up

If a corporation determines or is required to wind up, the winding up of the corporation's affairs shall be managed by:

(1) the directors, if management of the affairs is not vested in the corporation's members under Section 22.202; or

(2) the members, if management of the affairs is vested in the corporation's members under Section 22.202.

Tex. Bus. Org. Code § 22.307

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