Tex. Business Organizations Code § 402.011
This is the official text of Tex. Business Organizations Code § 402.011, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 402.011. WINDING UP AND TERMINATION.
Official statutory text
(a) Chapter 11 applies to:
(1) an action for involuntary or judicial winding up and termination commenced after the mandatory application date; or
(2) a voluntary winding up and termination proceeding initiated after the mandatory application date by:
(A) the governing authority;
(B) the terms of the governing documents; or
(C) applicable law.
(b) The prior law governs:
(1) an action described by Subsection (a)(1) that is pending on the mandatory application date; or
(2) a proceeding described by Subsection (a)(2) initiated before the mandatory application date.
(1) an action for involuntary or judicial winding up and termination commenced after the mandatory application date; or
(2) a voluntary winding up and termination proceeding initiated after the mandatory application date by:
(A) the governing authority;
(B) the terms of the governing documents; or
(C) applicable law.
(b) The prior law governs:
(1) an action described by Subsection (a)(1) that is pending on the mandatory application date; or
(2) a proceeding described by Subsection (a)(2) initiated before the mandatory application date.
Status: in_force · Read it on the official government site
Dealing with a business matter in Texas?
See all Texas Business lawyers
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.