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Tex. Bus. Orgs. Code § 21.763

TERMINATION OF CUSTODIANSHIP

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff

If the condition requiring the appointment of a custodian is remedied other than by liquidation or winding up and termination, the court shall terminate the custodianship immediately and management of the close corporation shall be restored to the directors or shareholders of the close corporation or to the persons empowered to manage the business and affairs of the close corporation under a shareholders' agreement.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.