Texas § 11.001 DEFINITIONS.

Texas Statutes

§ 11.001 — DEFINITIONS.

Texas § 11.001

Code BOBusiness Organizations Code

This text of Texas § 11.001 (DEFINITIONS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Business Organizations Code Code Ann. § 11.001 (2026).

Text

Sec. 11.001. DEFINITIONS. In this chapter:

(1)"Claim" means a right to payment, damages, or property, whether liquidated or unliquidated, accrued or contingent, matured or unmatured.

(2)"Event requiring a winding up" or "event requiring winding up" means an event specified by Section 11.051 .

(3)"Existing claim" with respect to an entity means:

(A)a claim that existed before the entity's termination and is not barred by limitations; or

(B)a claim that exists after the entity's termination and before the third anniversary of the date of the entity's termination and is not barred by limitations, including a claim under a contractual or other obligation incurred after termination.

(4)"Terminated entity" means a domestic entity the existence of which has been:

(A)terminated in a manner

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 11.001. DEFINITIONS. In this chapter:
(1) "Claim" means a right to payment, damages, or property, whether liquidated or unliquidated, accrued or contingent, matured or unmatured.
(2) "Event requiring a winding up" or "event requiring winding up" means an event specified by Section 11.051 .
(3) "Existing claim" with respect to an entity means:
(A) a claim that existed before the entity's termination and is not barred by limitations; or
(B) a claim that exists after the entity's termination and before the third anniversary of the date of the entity's termination and is not barred by limitations, including a claim under a contractual or other obligation incurred after termination.
(4) "Terminated entity" means a domestic entity the existence of which has been:
(A) terminated in a manner authorized or required by this code, unless the entity has been reinstated in the manner provided by this code; or
(B) forfeited pursuant to the Tax Code, unless the forfeiture has been set aside.
(5) "Terminated filing entity" means a terminated entity that is a filing entity.
(6) "Voluntary decision to wind up" means the determination to wind up a domestic entity made by the domestic entity or the owners, members, or governing authority of the domestic entity in the manner specified by:
(A) the title of this code governing the domestic entity; or
(B) if applicable to the domestic entity, Section 11.057 (a) or (b) or 11.058 (a).
(7) "Voluntary winding up" means winding up as a result of a voluntary decision to wind up.
(8) "Winding up" means the process of winding up the business and affairs of a domestic entity as a result of the occurrence of an event requiring winding up.
SUBCHAPTER B. WINDING UP OF DOMESTIC ENTITY

Legislative History

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006. Amended by: Acts 2007, 80th Leg., R.S., Ch. 688 (H.B. 1737 ), Sec. 60, eff. September 1, 2007. Acts 2015, 84th Leg., R.S., Ch. 32 (S.B. 860 ), Sec. 18, eff. September 1, 2015. Acts 2021, 87th Leg., R.S., Ch. 39 (S.B. 1203 ), Sec. 17, eff. September 1, 2021.