§ 92.501 Resolution to Liquidate and Dissolve
§ 92.502 Distribution of Assets
§ 92.503 Final Report and Accounting

Terms Used In Texas Finance Code Chapter 92 > Subchapter K - Voluntary Liquidation

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • sworn: includes affirm or affirmed. See Texas Government Code 312.011