Sec. 11.353. DISCHARGE OF LIABILITY OF PERSON RESPONSIBLE FOR LIQUIDATION. A person responsible for the distribution in liquidation of a filing entity's assets will be released and discharged from further liability with respect to money received from the liquidation when the person deposits the money with the comptroller under Section 11.352.
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 H. Claims Resolution on Termination
Section 11.351. Liability of Terminated Filing Entity
Section 11.353. Discharge of Liability of Person Responsible for Liquidation
Section 11.354. Payment From Account by Comptroller
Section 11.355. Notice of Escheat; Escheat
Section 11.356. Limited Survival After Termination
Section 11.357. Governing Persons of Entity During Limited Survival
Section 11.358. Accelerated Procedure for Existing Claim Resolution