Tex. Business Organizations Code § 11.409
ANCILLARY RECEIVERSHIPS OF FOREIGN ENTITIES
Texas · Texas Business Organizations Code · Status: effective
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- Citation
- Tex. Business Organizations Code § 11.409, ANCILLARY RECEIVERSHIPS OF FOREIGN ENTITIES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/583363
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Full text
(a) Notwithstanding any provision of this code to the contrary, a district court in the county in which the registered office of a foreign entity doing business in this state is located has jurisdiction to appoint an ancillary receiver for the property and business of that entity when the court determines that circumstances exist to require the appointment of an ancillary receiver.
(b) A receiver appointed under Subsection (a) serves ancillary to a receiver acting under orders of an out-of-state court that has jurisdiction to appoint a receiver for the entity.