NRS 78.590 Trustees of dissolved corporation: Powers of directors.
1. Upon the dissolution of any corporation under the provisions of NRS 78.580, or upon the expiration of the period of its corporate existence, limited by its articles of incorporation, the directors become trustees thereof, with full power to settle the affairs, collect the outstanding debts, sell and convey the property, real and personal, and divide the money and other property among the stockholders, after paying or adequately providing for the payment of its liabilities and obligations.
This is an obligation that the directors are acquiring with a District Court in the State of Nevada where the dissolution is filed. Texas Court (or Judge Keel, for that matter) has no say in this phase of the dissolution process.
