{"data":{"id":"us-tx/tex.-business-organizations-code-22.307","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 22.307","heading":"RESPONSIBILITY FOR WINDING UP.","body":"If a corporation determines or is required to wind up, the winding up of the corporation's affairs shall be managed by:\n(1) the directors, if management of the affairs is not vested in the corporation's members under Section 22.202; or\n(2) the members, if management of the affairs is vested in the corporation's members under Section 22.202.\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#22.307","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"952e0894c40555c4a760d39a8c479ad6743f73ea79489caf804ac8227de6d39b","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-22.305","next":"us-tx/tex.-business-organizations-code-22.351"},"notice":"GroundRules: Original legal text. Not legal advice."}