11.401 – CODE GOVERNS. A receiver may be appointed for a
Texas Business Organizations Code § 11.401
Summary
This law outlines the conditions under which a receiver can be appointed for a domestic entity or its assets. It ensures that such appointments are made in accordance with the specific provisions of the Texas Business Organizations Code.
Receivers can only be appointed as specified in this code.
Applies to domestic entities and their properties or businesses.
Establishes legal framework for managing receivership appointments.
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In simple terms: Learn about Texas's CODE GOVERNS. A receiver may be appointed for a 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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