Sec. 11.410. RECEIVERSHIP FOR ALL PROPERTY AND BUSINESS OF FOREIGN ENTITY. (a) A district court may appoint a receiver for all of the property, in and outside this state, of a foreign entity doing business in this state and its business if the court determines, in accordance with the ordinary usages of equity, that circumstances exist that necessitate the appointment of a receiver even if a receiver has not been appointed by another court.
(b) The appointing court shall convert a receivership created under Subsection (a) into an ancillary receivership if the appointing court determines an ancillary receivership is appropriate because a court in another state has ordered a receivership of all property and business of the entity.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Chapter 11 - Winding Up and Termination of Domestic Entity
Section 11.402. Jurisdiction to Appoint Receiver
Section 11.403. Appointment of Receiver for Specific Property
Section 11.404. Appointment of Receiver to Rehabilitate Domestic Entity
Section 11.405. Appointment of Receiver to Liquidate Domestic Entity; Liquidation
Section 11.406. Receivers: Qualifications, Powers, and Duties
Section 11.407. Court-Ordered Filing of Claims
Section 11.408. Supervising Court; Jurisdiction; Authority
Section 11.409. Ancillary Receiverships of Foreign Entities
Section 11.410. Receivership for All Property and Business of Foreign Entity
Section 11.411. Governing Persons and Owners Not Necessary Parties Defendant
Section 11.412. Decree of Involuntary Termination
Section 11.414. Filing of Decree of Involuntary Termination Against Filing Entity