Sec. 11.314. INVOLUNTARY WINDING UP AND TERMINATION OF PARTNERSHIP OR LIMITED LIABILITY COMPANY. A district court in the county in which the registered office or principal place of business in this state of a domestic partnership or limited liability company is located has jurisdiction to order the winding up and termination of the domestic partnership or limited liability company on application by an owner of the partnership or limited liability company if the court determines that:
(1) the economic purpose of the entity is likely to be unreasonably frustrated;
(2) another owner has engaged in conduct relating to the entity's business that makes it not reasonably practicable to carry on the business with that owner; or
(3) it is not reasonably practicable to carry on the entity's business in conformity with its governing documents.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 84 (S.B. 1442), Sec. 25, eff. September 1, 2009.
Acts 2017, 85th Leg., R.S., Ch. 74 (S.B. 1517), Sec. 7, eff. September 1, 2017.
Notes of Decisions
Troy Tucker v. Raymond Bubak, No. 13-18-00427-CV (Tex. App.—Corpus Christi June 20, 2019).
· cites it 3× “TEX. BUS. ORGS. CODE ANN. § 11.314. Additionally, upon application by an owner or member of a domestic entity, 9 and subject to other provisions of the business organizations code, a court may: “(1) supervise the winding up of [a] domestic entity; (2) appoint a person to carry…”
Adnan Khalid Jafar v. Beaches & Beaches, Inc., No. 01-22-00412-CV (Tex. App.—Houston [1st Dist.] June 25, 2024).
· cites it 2× “” TEX. BUS. ORGS. CODE § 11.314(2). B. Analysis Jafar is correct that under the Texas Property Code, “[a] joint owner or claimant of real property or an interest in real property .”
In re Barbara Petrohan, No. 13-16-00507-CV (Tex. App.—Corpus Christi Dec. 15, 2016).
“See TEX. BUS. ORGS. CODE ANN. § 11.314 (West, Westlaw through 2015 R.”
Shannon Med. Ctr. v. Triad Holdings III, L.L.C., 601 S.W.3d 904 (Tex. App.—Houston [14th Dist.] 2019).
“LAWS 267, 400–01 (amended 2009 & 2017; now codified at TEX. BUS. ORGS. CODE ANN. § 11.314(3)). 18 stock agreement provided that the election of a new trustee would not be complete unless a certificate of acknowledgment was signed by the two remaining trustees and the new trustee…”
Robin Rouse v. Thomas Campbell, No. 09-21-00023-CV (Tex. App.—Beaumont Dec. 22, 2022).
“Tex. Bus. Orgs. Code Ann. § 11.314 . The arbitrator found the Claimants (Thomas and Christy) had met their burden of proof on all three statutory requirements and 6 Citing Article 6.”
Tex. Bus. Orgs. Code § 11.314(1): 1 case
Troy Tucker v. Raymond Bubak, No. 13-18-00427-CV (Tex. App.—Corpus Christi June 20, 2019).
“TEX. BUS. ORGS. CODE ANN. § 11.314. Additionally, upon application by an owner or member of a domestic entity, 9 and subject to other provisions of the business organizations code, a court may: “(1) supervise the winding up of [a] domestic entity; (2) appoint a person to carry…”
Tex. Bus. Orgs. Code § 11.314(1)(A): 1 case
Tex. Bus. Orgs. Code § 11.314(1)(B): 1 case
Tex. Bus. Orgs. Code § 11.314(2): 1 case
Adnan Khalid Jafar v. Beaches & Beaches, Inc., No. 01-22-00412-CV (Tex. App.—Houston [1st Dist.] June 25, 2024).
“” TEX. BUS. ORGS. CODE § 11.314(2). B. Analysis Jafar is correct that under the Texas Property Code, “[a] joint owner or claimant of real property or an interest in real property .”
Tex. Bus. Orgs. Code § 11.314(3): 1 case
Shannon Med. Ctr. v. Triad Holdings III, L.L.C., 601 S.W.3d 904 (Tex. App.—Houston [14th Dist.] 2019).
“LAWS 267, 400–01 (amended 2009 & 2017; now codified at TEX. BUS. ORGS. CODE ANN. § 11.314(3)). 18 stock agreement provided that the election of a new trustee would not be complete unless a certificate of acknowledgment was signed by the two remaining trustees and the new trustee…”
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