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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Business Organizations Code § 22.307: RESPONSIBILITY FOR WINDING UP.

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Where this section sits in the code
  1. BUSINESS ORGANIZATIONS CODE
  2. TITLE 2. CORPORATIONS
  3. CHAPTER 22. NONPROFIT CORPORATIONS
  4. SUBCHAPTER G. WINDING UP AND TERMINATION

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.

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Collected 2026-08-27T01:46:58Z. Source file · JSON

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