Tex. Business Organizations Code § 11.408
This is the official text of Tex. Business Organizations Code § 11.408, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 11.408. SUPERVISING COURT; JURISDICTION; AUTHORITY.
Official statutory text
(a) A court supervising a receivership under this subchapter may, from time to time:
(1) make allowances to a receiver or attorney in the proceeding; and
(2) direct the payment of a receiver or attorney from the property of the domestic entity that is within the scope of the receivership or the proceeds of any sale or disposition of that property.
(b) A court that appoints a receiver under this subchapter for the property or business of a domestic entity has exclusive jurisdiction over the domestic entity and all of its property, regardless of where the property is located.
(1) make allowances to a receiver or attorney in the proceeding; and
(2) direct the payment of a receiver or attorney from the property of the domestic entity that is within the scope of the receivership or the proceeds of any sale or disposition of that property.
(b) A court that appoints a receiver under this subchapter for the property or business of a domestic entity has exclusive jurisdiction over the domestic entity and all of its property, regardless of where the property is located.
Status: in_force · Read it on the official government site
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