11.403 – APPOINTMENT OF RECEIVER FOR SPECIFIC PROPERTY.
Texas Business Organizations Code § 11.403
Summary
This law allows a court to appoint a receiver for specific property upon the application of a person with a probable interest in that property. It is applicable in cases involving fraudulent purchases or creditor claims against the property or funds.
Court can appoint a receiver for specific property.
Applicable to both domestic and foreign entities.
Used in cases of fraudulent purchases or creditor claims.
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In simple terms: Learn about Texas's APPOINTMENT OF RECEIVER FOR SPECIFIC PROPERTY. 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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