Sec. 21.504. RESPONSIBILITY FOR WINDING UP. If a corporation determines or is required to wind up, the directors of the corporation shall manage the process of winding up the business or affairs of the corporation. Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006. SUBCHAPTER L. DERIVATIVE PROCEEDINGS
Responsibility For Winding Up
Tex. Business Organizations Code § 21.504, under For-Profit Corporations.
Tex. Business Organizations Code § 21.504