Tex. Business Organizations Code § 21.763
This is the official text of Tex. Business Organizations Code § 21.763, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 21.763. TERMINATION OF CUSTODIANSHIP.
Official statutory text
If the condition requiring the appointment of a custodian is remedied other than by liquidation or winding up and termination, the court shall terminate the custodianship immediately and management of the close corporation shall be restored to the directors or shareholders of the close corporation or to the persons empowered to manage the business and affairs of the close corporation under a shareholders' agreement.
Status: in_force · Read it on the official government site
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