11.357 – GOVERNING PERSONS OF ENTITY DURING LIMITED
Texas Business Organizations Code § 11.357
Summary
This law allows governing persons of a terminated filing entity to continue managing its affairs for three years. It applies to entities whose existence is extended under specific provisions, ensuring continuity in management despite termination.
Governing persons can manage a terminated entity for three years.
Applies to entities with extended existence under certain provisions.
Ensures continuity in management after termination.
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In simple terms: Learn about Texas's GOVERNING PERSONS OF ENTITY DURING LIMITED 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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