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Re: hedge_fun post# 59186

Wednesday, 06/14/2017 2:18:50 PM

Wednesday, June 14, 2017 2:18:50 PM

Post# of 59584
No the (a) comes before the (b).

The (a) says: This Texas court can appoint a receiver over a foreign corporation (assuming it has jurisdiction), if some other court has not done it already and this court thinks there's good reason for it.

Then (b) says: If, after this court has appointed a receiver, some court in another state appoints one and it's more appropriate there, then this court will make the current receiver an ancillary one to work with the out-of-state receiver to specifically handle matters within this state.