101.621 – WINDING UP BY COURT ORDER. A district court in
Texas Business Organizations Code § 101.621
Summary
This law allows a district court to order the winding up and termination of a protected or registered series of a domestic limited liability company if it is impractical to continue the business. It applies when a member associated with the series requests this action.
Court can order winding up of a business series.
Applicable to domestic limited liability companies.
Request must come from a member of the series.
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In simple terms: Learn about Texas's WINDING UP BY COURT ORDER. A district court in law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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