Texas § BO.21.504 - RESPONSIBILITY FOR WINDING UP
Full text of Texas The Texas Constitution § BO.21.504 — RESPONSIBILITY FOR WINDING UP, with citation guidance and answers to common questions.
§ BO.21.504. RESPONSIBILITY FOR WINDING UP
RESPONSIBILITY FOR WINDING UP. If a corporation determines or is required to wind up, the directors of the corporation shall manage the process of winding up the business or affairs of the corporation. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006. SUBCHAPTER L. DERIVATIVE PROCEEDINGS
Frequently Asked Questions About Texas § BO.21.504
What does The Texas Constitution § BO.21.504 cover?
Section BO.21.504 ("RESPONSIBILITY FOR WINDING UP") 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.21.504?
A common citation format is "The Texas Constitution § BO.21.504" (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.21.504 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.