Sec. 402.011.  WINDING UP AND TERMINATION.  (a)  Chapter 11 applies to:
(1)  an action for involuntary or judicial winding up and termination commenced after the mandatory application date;  or
(2)  a voluntary winding up and termination proceeding initiated after the mandatory application date by:
(A)  the governing authority;
(B)  the terms of the governing documents;  or
(C)  applicable law.
(b)  The prior law governs:
(1)  an action described by Subsection (a)(1) that is pending on the mandatory application date;  or
(2)  a proceeding described by Subsection (a)(2) initiated before the mandatory application date.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.