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Tex. Business Organizations Code § 22.307

RESPONSIBILITY FOR WINDING UP

Texas · Texas Business Organizations Code · Status: effective

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Tex. Business Organizations Code § 22.307, RESPONSIBILITY FOR WINDING UP, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/583763
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If a corporation determines or is required to wind up, the winding up of the corporation's affairs shall be managed by: (1) the directors, if management of the affairs is not vested in the corporation's members under Section 22.202; or (2) the members, if management of the affairs is vested in the corporation's members under Section 22.202.