81st Texas Legislature, Regular Session, Senate Bill 1442, Chapter 84 Page: 19 of 64
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liabilities and may be reinstated, if the filing entity is a
entitv under Chapter 171, Tax Code, other than a n4
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SECTION 25. Section 11.314, Business Organizations Code, is
amended to read as follows:
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 patnership or limited liability
company on application by:
(1) a partner in the partnership if the court
(A) the economic purpose of the partnership is
likely to lbe unreasonably frustrated; or
(B) another partner has engaged in conduct
relating to the partnership's business that makes it not reasonably
practicable to carry on the business in partnership with that
(2) an owner of the partnership or limited liability
company if the court determines that it is not reasonably
practicable to carry on the entity's business in conformity with
its governing documents.
SECTION 26. Section 12.001, Business Organizations Code, is
amended by adding Subsections (c) and (d) to read as follows:
(c) The secretary of state, on acceptance of the filing of
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Texas. Legislature. Senate. 81st Texas Legislature, Regular Session, Senate Bill 1442, Chapter 84, legislative document, May 20, 2009; [Austin, Texas]. (texashistory.unt.edu/ark:/67531/metapth310916/m1/19/: accessed June 22, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting UNT Libraries Government Documents Department.