RESPONSIBILITY FOR WINDING UP.

Tex. BUS. ORGS Code § 22.307.
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
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
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/28/2026