Sec. 11.059. SUPPLEMENTAL PROVISIONS FOR CORPORATIONS. For purposes of Section 11.051(3), the event requiring the winding up, dissolution, or termination of a domestic corporation must be specified in:
(1) the certificate of formation of the corporation; or
(2) a bylaw of the corporation adopted by the owners or members of the corporation in the same manner as an amendment to the certificate of formation of the corporation.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 688 (H.B. 1737), Sec. 65, eff. September 1, 2007.
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