Sec. 11.054. COURT SUPERVISION OF WINDING UP PROCESS. Subject to the other provisions of this code, on application of a domestic entity or an owner or member of a domestic entity, a court may:
(1) supervise the winding up of the domestic entity;
(2) appoint a person to carry out the winding up of the domestic entity; and
(3) make any other order, direction, or inquiry that the circumstances may require.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Chapter 11 - Winding Up and Termination of Domestic Entity
Subchapter B. Winding Up of Domestic Entity
Section 11.051. Event Requiring Winding Up of Domestic Entity
Section 11.052. Winding Up Procedures
Section 11.053. Property Applied to Discharge Liabilities and Obligations
Section 11.054. Court Supervision of Winding Up Process
Section 11.055. Court Action or Proceeding During Winding Up
Section 11.056. Supplemental Provisions for Limited Liability Company
Section 11.057. Supplemental Provisions for Domestic General Partnership
Section 11.058. Supplemental Provision for Limited Partnership