Discharge of Liability of Person Responsible For Liquidation

Tex. Business Organizations Code § 11.353, under Winding Up and Termination of Domestic Entity.

Tex. Business Organizations Code § 11.353

Sec. 11.353. DISCHARGE OF LIABILITY OF PERSON RESPONSIBLE FOR LIQUIDATION. A person responsible for the distribution in liquidation of a filing entity's assets will be released and discharged from further liability with respect to money received from the liquidation when the person deposits the money with the comptroller under Section 11.352. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.