Texas § 11.402 JURISDICTION TO APPOINT RECEIVER.

Texas Statutes

§ 11.402 — JURISDICTION TO APPOINT RECEIVER.

Texas § 11.402

Code BOBusiness Organizations Code

This text of Texas § 11.402 (JURISDICTION TO APPOINT RECEIVER.) 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. § 11.402 (2026).

Text

Sec. 11.402. JURISDICTION TO APPOINT RECEIVER.

(a)A court that has subject matter jurisdiction over specific property of a domestic or foreign entity that is located in this state and is involved in litigation has jurisdiction to appoint a receiver for that property as provided by Section 11.403 .

(b)A district court in the county in which the registered office or principal place of business of a domestic entity is located has jurisdiction to:

(1)appoint a receiver for the property and business of a domestic entity for the purpose of rehabilitating the entity as provided by Section 11.404 ; or

(2)order the liquidation of the property and business of a domestic entity and appoint a receiver to effect that liquidation as provided by Section 11.405 .

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Sec. 11.402. JURISDICTION TO APPOINT RECEIVER. (a) A court that has subject matter jurisdiction over specific property of a domestic or foreign entity that is located in this state and is involved in litigation has jurisdiction to appoint a receiver for that property as provided by Section 11.403 .
(b) A district court in the county in which the registered office or principal place of business of a domestic entity is located has jurisdiction to:
(1) appoint a receiver for the property and business of a domestic entity for the purpose of rehabilitating the entity as provided by Section 11.404 ; or
(2) order the liquidation of the property and business of a domestic entity and appoint a receiver to effect that liquidation as provided by Section 11.405 .

Legislative History

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 139 (S.B. 748 ), Sec. 19, eff. September 1, 2011.