Sec. 11.311. ACTION ALLOWED AFTER EXPIRATION OF FILING ENTITY'S DURATION. The expiration of a filing entity's period of duration does not, by itself, create a vested right on the part of an owner or creditor of the filing entity to prevent an action by the attorney general for the involuntary winding up of the filing entity's business and termination of the filing entity's existence.
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 G. Judicial Winding Up and Termination
Section 11.301. Involuntary Winding Up and Termination of Filing Entity by Court Action
Section 11.302. Notification of Cause by Secretary of State
Section 11.303. Filing of Action by Attorney General
Section 11.304. Cure Before Final Judgment
Section 11.305. Judgment Requiring Winding Up and Termination
Section 11.306. Stay of Judgment
Section 11.307. Opportunity for Cure After Affirmation of Findings by Appeals Court
Section 11.308. Jurisdiction and Venue
Section 11.309. Process in State Action
Section 11.310. Publication of Notice
Section 11.311. Action Allowed After Expiration of Filing Entity's Duration
Section 11.312. Compliance by Terminated Entity
Section 11.313. Timing of Termination
Section 11.314. Involuntary Winding Up and Termination of Partnership or Limited Liability Company
Section 11.315. Filing of Decree of Termination Against Filing Entity