Sec. 402.011. WINDING UP AND TERMINATION. (a) Chapter 11 applies to:
(1) an action for involuntary or judicial winding up and termination commenced after the mandatory application date; or
(2) a voluntary winding up and termination proceeding initiated after the mandatory application date by:
(A) the governing authority;
(B) the terms of the governing documents; or
(C) applicable law.
(b) The prior law governs:
(1) an action described by Subsection (a)(1) that is pending on the mandatory application date; or
(2) a proceeding described by Subsection (a)(2) initiated before the mandatory application date.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Title 8 - Miscellaneous and Transition Provisions
Chapter 402 - Miscellaneous and Transition Provisions
Section 402.001. Applicability Upon Effective Date
Section 402.002. Early Effectiveness of Fees
Section 402.003. Early Adoption of Code by Existing Domestic Entity
Section 402.004. Early Adoption of Code by Registered Foreign Filing Entity
Section 402.005. Applicability to Existing Entities
Section 402.0051. Effect of References to Prior Law and Use of Synonymous Terms
Section 402.006. Applicability to Certain Acts, Contracts, and Transactions
Section 402.007. Indemnification
Section 402.008. Meetings of Owners and Members; Consents; Voting of Interests
Section 402.009. Meetings of Governing Authority and Committees; Consents
Section 402.010. Sale of Assets, Mergers, Reorganizations, Conversions
Section 402.011. Winding Up and Termination
Section 402.012. Registration of Certain Foreign Entities