{"data":{"id":"us-tx/tex.-business-organizations-code-21.504","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 21.504","heading":"RESPONSIBILITY FOR WINDING UP.","body":"If a corporation determines or is required to wind up, the directors of the corporation shall manage the process of winding up the business or affairs of the corporation.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 2. CORPORATIONS","CHAPTER 21. FOR-PROFIT CORPORATIONS","SUBCHAPTER K. WINDING UP AND TERMINATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.21.htm#21.504","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"2861aeda65c3b9dff4751c7b1ce4f2bc5f873421902b2f1fbe8b1851e232b522","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-21.503","next":"us-tx/tex.-business-organizations-code-21.551"},"notice":"GroundRules: Original legal text. Not legal advice."}