{"data":{"id":"us-tx/tex.-business-organizations-code-22.305","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 22.305","heading":"DISTRIBUTION PLAN.","body":"A plan providing for the distribution of property may be adopted by a corporation in the process of winding up, and shall be adopted by a corporation to authorize a transfer or conveyance of assets for which this chapter requires a plan of distribution, in the manner provided by this subchapter.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 2. CORPORATIONS","CHAPTER 22. NONPROFIT CORPORATIONS","SUBCHAPTER G. WINDING UP AND TERMINATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.22.htm#22.305","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"87ccc43828bc1d784af3cb22870543a7b3ec4116d937cceb2559b4f84014c036","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-22.304","next":"us-tx/tex.-business-organizations-code-22.307"},"notice":"GroundRules: Original legal text. Not legal advice."}