Texas § BO.101.551 - PERSONS ELIGIBLE TO WIND UP COMPANY
Full text of Texas The Texas Constitution § BO.101.551 — PERSONS ELIGIBLE TO WIND UP COMPANY, with citation guidance and answers to common questions.
§ BO.101.551. PERSONS ELIGIBLE TO WIND UP COMPANY
PERSONS ELIGIBLE TO WIND UP COMPANY. After an event requiring the winding up of a limited liability company unless a revocation as provided by Section 11.151 or a cancellation as provided by Section 11.152 occurs, the winding up of the company must be carried out by: (1) the company's governing authority or one or more persons, including a governing person, designated by the governing authority, the members, or the governing documents; (2) if the event requiring the winding up of the company is the termination of the continued membership of the last remaining member of the company, the legal representative or successor of the last remaining member or one or more persons designated by the legal representative or successor; or (3) a person appointed by the court to carry out the winding up of the company under Section 11.054 , 11.405 , 11.409 , or 11.410 . Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § BO.101.551
What does The Texas Constitution § BO.101.551 cover?
Section BO.101.551 ("PERSONS ELIGIBLE TO WIND UP COMPANY") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § BO.101.551?
A common citation format is "The Texas Constitution § BO.101.551" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § BO.101.551 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.