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S.B. No. 1442
1 the series or, if there is more than one class or group of members
2 associated with the series, a majority vote of the members of each
3 class or group of members associated with the series approving the
4 winding up of the series;
5 (D) if the series has no members, the occurrence
6 of a majority vote of all of the managers associated with the series
7 approving the winding up of the series or, if there is more than one
8 class or group of managers associated with the series, a majority
9 vote of the managers of each class or group of managers associated
10 with the series approving the winding up of the series; or
11 (E) a determination by a court in accordance with
12 Section 101.621.
13 Sec. 101.617. PROCEDURES FOR WINDING UP AND TERMINATION OF
14 SERIES. (a) The following provisions apply to a series and the
15 associated members and managers of the series:
16 (1) Subchapters A, G, H, and I, Chapter 11; and
17 (2) Subchapter B, Chapter 11, other than Sections
18 11.051, 11.056, 11.057, 11.058, and 11.059.
19 (b) For purposes of the application of Chapter 11 to a
20 series and as the context requires:
21 (1) a reference to "domestic entity," "filing entity,"
22 or "entity" means the "series";
23 (2) a reference to an "owner" means a "member
24 associated with the series";
25 (3) a reference to the "governing authority" or a
26 "governing person" means the "governing authority associated with
27 the series" or a "governing person associated with the series"; and
