101.619 – CANCELLATION OF EVENT REQUIRING WINDING UP. (a)
Texas Business Organizations Code § 101.619
Summary
This law allows members of a protected or registered series to cancel an event that requires winding up, provided there is no prohibition in the company agreement. All members must consent to the cancellation before the winding up process is finalized.
Members can cancel winding up events with unanimous consent.
Cancellation is subject to company agreement restrictions.
Must occur before termination takes effect.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's CANCELLATION OF EVENT REQUIRING WINDING UP. (a) law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.