10.301 – REORGANIZATION UNDER BANKRUPTCY AND SIMILAR LAWS.
Texas Business Organizations Code § 10.301
Summary
This law allows designated individuals to act on behalf of a domestic entity undergoing reorganization under federal bankruptcy laws. It streamlines the process by removing the need for action or notice to the entity's governing authority.
Applies to domestic entities in federal bankruptcy reorganization.
Trustees or designated officers can act without governing authority's notice.
Facilitates smoother reorganization processes under federal statutes.
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In simple terms: Learn about Texas's REORGANIZATION UNDER BANKRUPTCY AND SIMILAR LAWS. 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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