Texas HB4716 amends the Business Organizations Code to allow courts to wind up and terminate filing entities under specific conditions and grants the.

HB4716 modifies the Business Organizations Code to permit courts to order the winding up and termination of a filing entity's business if certain conditions are met, such as non-compliance with formation conditions or fraudulent filings. The bill also grants the attorney general the authority to inspect, examine, and make copies of entity records and to interview witnesses as part of an investigation. This act takes effect on September 1, 2025.

Texas HB4716 amends the Business Organizations Code to allow courts to wind up and terminate filing entities under specific conditions and grants the.

HB4716 modifies the Business Organizations Code to permit courts to order the winding up and termination of a filing entity's business if certain conditions are met, such as non-compliance with formation conditions or fraudulent filings. The bill also grants the attorney general the authority to inspect, examine, and make copies of entity records and to interview witnesses as part of an investigation. This act takes effect on September 1, 2025.