Texas § 22.307 RESPONSIBILITY FOR WINDING UP.

Texas Statutes

§ 22.307 — RESPONSIBILITY FOR WINDING UP.

Texas § 22.307

Code BOBusiness Organizations Code

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Bluebook

Tex. Business Organizations Code Code Ann. § 22.307 (2026).

Text

Sec. 22.307. RESPONSIBILITY FOR WINDING UP. If a corporation determines or is required to wind up, the winding up of the corporation's affairs shall be managed by:

(1)the directors, if management of the affairs is not vested in the corporation's members under Section 22.202 ; or

(2)the members, if management of the affairs is vested in the corporation's members under Section 22.202 . SUBCHAPTER H. RECORDS AND REPORTS

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Sec. 22.307. RESPONSIBILITY FOR WINDING UP. If a corporation determines or is required to wind up, the winding up of the corporation's affairs shall be managed by:
(1) the directors, if management of the affairs is not vested in the corporation's members under Section 22.202 ; or
(2) the members, if management of the affairs is vested in the corporation's members under Section 22.202 .
SUBCHAPTER H. RECORDS AND REPORTS