TBOC definition

TBOC means the Texas Business Organizations Code.

TBOC means the Texas Business Organizations Code, as the same may be amended from time to time.

TBOC has the meaning set forth in the recitals.

Examples of TBOC in a sentence

• Except as may be otherwise provided by Chapter 11 of the TBOC, the legal existence of the Company shall terminate upon the filing of the Certificate of Termination and the Tax Certificate with the Secretary of State of the State of Texas.

• The liquidator shall have all rights and powers that the TBOC confers on any person serving in such capacity.

• The liquidator shall cause the Company to send a written notice of the winding up to each known claimant against the Company as required by Section 11.052 of the TBOC.

• Notwithstanding any other provision of this Agreement to the contrary, the Company, and the Manager on behalf of the Company, shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 101.206 of the TBOC or any other applicable law.

• It shall be a defense to any such action that such indemnification or advancement of costs of defense is not permitted under the TBOC, but the burden of proving such defense shall be on the Company.

More Definitions of TBOC

TBOC shall have the meaning set forth in Section 2(c) hereof.

TBOC shall have the meaning set forth in Section 1.01.

TBOC shall have the meaning set forth in the recitals of this Agreement.

TBOC has the meaning in Section 1.2.

TBOC is defined in Section 1.1.

TBOC has the meaning ascribed thereto in the preambles to this Agreement.

TBOC means the Texas Business Organizations Code, as in effect from time to time.