Texas § 64.072 LIMITED DURATION.

Texas Statutes

§ 64.072 — LIMITED DURATION.

Texas § 64.072

Code CPCivil Practice and Remedies Code

This text of Texas § 64.072 (LIMITED DURATION.) 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. Civil Practice and Remedies Code Code Ann. § 64.072 (2026).

Text

Sec. 64.072. LIMITED DURATION.

(a)Except as provided by this section, a court may not administer a corporation in receivership for more than three years after the date the receiver is appointed, and the court shall wind up the affairs of the corporation within that period.

(b)A court may, from time to time, extend the duration of a corporate receivership if:

(1)litigation prevents the court from winding up the affairs of the corporation within three years; or

(2)the receiver is operating the corporation as a going concern.

(c)To extend the duration of a corporate receivership, the court must have received an application for the extension and, following notice to all attorneys of record, must conduct a hearing on the extension. As required by the best interests of all concerned parties

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Sec. 64.072. LIMITED DURATION. (a) Except as provided by this section, a court may not administer a corporation in receivership for more than three years after the date the receiver is appointed, and the court shall wind up the affairs of the corporation within that period.
(b) A court may, from time to time, extend the duration of a corporate receivership if:
(1) litigation prevents the court from winding up the affairs of the corporation within three years; or
(2) the receiver is operating the corporation as a going concern.
(c) To extend the duration of a corporate receivership, the court must have received an application for the extension and, following notice to all attorneys of record, must conduct a hearing on the extension. As required by the best interests of all concerned parties, the court may prescribe conditions for the extension and extend it for a term within the limits provided by Subsection (d). The court shall enter into its minutes the proper order extending the receivership.
(d) A court may not extend a corporate receivership for more than five years beyond the original three years, except that the court may extend for any additional period the receivership of a corporation organized under former Article 3.05(A)(2), Texas Miscellaneous Corporation Laws Act (Article 1302-3.05, Vernon's Texas Civil Statutes), Section 2.006, Business Organizations Code, before September 1, 2009, or a railroad corporation organized under the Business Organizations Code or former Title 112, Revised Statutes.

Unit 82 Joint Venture, Five Star Holding Company, Inc., Five Star Holding Management, L.L.C. and 1320/1390 Don Haskins, Ltd. v. International Commercial Bank of China, Los Angeles Branch, Maynards Industries (1991) Inc. D/B/A Maynards Industries, Ltd., and Robb Evans, Receiver for Mediacopy Texas, Inc.

(Court of Appeals of Texas, 2014)

Diana Fite, M.D. and Intervenor Patrick J. Woods, M.D. v. Emtel, Inc., Joseph Degioanni, M.D., Individually and on Behalf of BEPA

(Court of Appeals of Texas, 2008)

Preston J. Chandler, Jr. and Preston J. Chandler, Jr., a Professional Association v. Jorge A. Gutierrez, P.C., as Special Deputy Receiver for Empire Casualty Company, in Receivership, and J. Robert Hunter, Commissioner of the Texas Department of Insurance, in His Capacity of Permanent Ancillary Receiver for Empire Casualty Company, I

(Court of Appeals of Texas, 1995)

Joseph Chandy v. Kerala Christian Adult Homes, LLC, F/K/A Kerala Christian Adult Homes I, LLC, F/K/A Kerala Christian Adult Homes, I, L.P.

(Court of Appeals of Texas, 2021)

Akin, Gump, Strauss, Hauer and Feld, L.L.P. v. E-Court, Inc. D/B/A PointofPay.Com, Inc., by and Through, C. Daniel Roberts, Receiver and Henry L. Mitchell, III

(Court of Appeals of Texas, 2003)

Legislative History

Acts 1985, 69th Leg., ch. 959, Sec. 1, eff. Sept. 1, 1985. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 91 (S.B. 1303 ), Sec. 5.001, eff. September 1, 2011.