11.410 – RECEIVERSHIP FOR ALL PROPERTY AND BUSINESS OF
Texas Business Organizations Code § 11.410
Summary
This law allows a Texas district court to appoint a receiver for all property and business of a foreign entity operating in Texas. The appointment can occur if the court finds that equitable circumstances warrant such action, regardless of any existing receivership in another jurisdiction.
Applies to foreign entities doing business in Texas.
Court must find equitable circumstances for receivership.
Receiver can manage all property, both in and outside Texas.
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In simple terms: Learn about Texas's RECEIVERSHIP FOR ALL PROPERTY AND BUSINESS OF 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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