Source: https://chowinslaw.com/resources/texas-business-laws/299-winding-up-and-termination-of-texas-corporation
Timestamp: 2019-04-23 03:58:04+00:00

Document:
§ 21.501. APPROVAL OF VOLUNTARY WINDING UP, REINSTATEMENT, OR REVOCATION OF VOLUNTARY WINDING UP.
A corporation must approve a voluntary winding up in accordance with Chapter 11, a reinstatement in accordance with § 11.202, a cancellation of an event requiring winding up under § 11.152(a), or revocation of a voluntary decision to wind up in accordance with § 11.151 by complying with one of the procedures prescribed by this subchapter.
§ 21.502. CERTAIN PROCEDURES RELATING TO WINDING UP.
(B) the shareholders must approve the action described by Paragraph (A) in accordance with § 21.503.
§ 21.503. MEETING OF SHAREHOLDERS; NOTICE.
(a) Each shareholder of record entitled to vote at a meeting described by § 21.502(3)(A)(ii) must be given written notice stating that the purpose or one of the purposes of the meeting is to consider the winding up, reinstatement, cancellation of the event requiring winding up, or revocation of the voluntary decision to wind up the corporation. The notice must be given in the time and manner provided by Chapter 6 and this chapter for the giving of notice of shareholders' meetings.
(b) A vote of shareholders entitled to vote at the meeting shall be taken on the resolution to wind up, reinstate, cancel the event requiring winding up, or revoke the voluntary decision to wind up the corporation. The shareholders must approve the resolution by the affirmative vote required by § 21.364.
§ 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.

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