Section 11.410 - Receivership for All Property and Business of Foreign Entity(a) A district court may appoint a receiver for all of the property, in and outside this state, of a foreign entity doing business in this state and its business if the court determines, in accordance with the ordinary usages of equity, that circumstances exist that necessitate the appointment of a receiver even if a receiver has not been appointed by another court.(b) The appointing court shall convert a receivership created under Subsection (a) into an ancillary receivership if the appointing court determines an ancillary receivership is appropriate because a court in another state has ordered a receivership of all property and business of the entity.Tex. Bus. Org. Code § 11.410
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.