Texas Business Organizations Code
Sec. § 251.404
Involuntary Termination


A suit for involuntary termination of a cooperative association organized under this chapter may be instituted for the causes and prosecuted in the manner provided by Chapter 11 (Winding up and Termination of Domestic Entity). The assets of a cooperative association that is involuntarily terminated shall be distributed in accordance with Section 251.403 (Distribution of Assets).
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
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Jul. 9, 2020