Tex. Business Organizations Code § 11.410
RECEIVERSHIP FOR ALL PROPERTY AND BUSINESS OF FOREIGN ENTITY
Texas · Texas Business Organizations Code · Status: effective
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- Citation
- Tex. Business Organizations Code § 11.410, RECEIVERSHIP FOR ALL PROPERTY AND BUSINESS OF FOREIGN ENTITY, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/583364
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Full text
(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.