Sec. 11.311. ACTION ALLOWED AFTER EXPIRATION OF FILING ENTITY'S DURATION. The expiration of a filing entity's period of duration does not, by itself, create a vested right on the part of an owner or creditor of the filing entity to prevent an action by the attorney general for the involuntary winding up of the filing entity's business and termination of the filing entity's existence. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Action Allowed After Expiration of Filing Entity's Duration
Tex. Business Organizations Code § 11.311, under Winding Up and Termination of Domestic Entity.
Tex. Business Organizations Code § 11.311