SMU Corporate Governance Initiative · Hilltop Forum on Capital Markets
The Hilltop Docket
Issue No. 18 · Monday, September 14, 2026 · Week in review
Issue No. 18 · Monday, September 14, 2026 · Week in review · Covering September 6 – September 12, 2026.
The register moved. For three issues this publication reported nothing above 2026 Tex. Bus. 60, signed on August 17; the register now carries 2026 Tex. Bus. 62, signed September 4 — and it is a jurisdictional opinion. In Parker v. Lynzara-Austin Real Estate Management the Fourth Division held that it could not hear a suit to put three Texas partnerships into a liquidating receivership, because a district court in Kendall County had already put those same partnerships into receivership in 2018 and, under a provision of the Business Organizations Code that predates the Business Court, that court holds them exclusively for as long as the receivership lasts. The dispute was commercial and the claims arose under the Business Organizations Code, which no party disputed. Neither fact mattered. A court can be exactly the right kind of court and still have no power over the thing in front of it.
2026 Tex. Bus. 62 · Parker v. Lynzara-Austin Real Estate Management
| Citation | 2026 Tex. Bus. 62 |
|---|---|
| Cause number | 26-BC04B-0009 |
| Division | Fourth Division (4b) |
| Judge | Sharp, J. |
| Signed | September 4, 2026 |
| Disposition | Plea to the jurisdiction granted; claims dismissed without prejudice to refiling |
| Opinion | Signed PDF · read in full for this issue |
The underlying quarrel is old and local. Since 2012 the Parker and Shalit interests have been litigating in Kendall County over the Tapatio Springs golf resort and the real-estate and utility partnerships around it. In 2018 the 451st District Court of Kendall County placed the relevant entities into receivership, and that receivership is still running — the court entered final judgment in the main case earlier this year, a severed portion is on review at the Texas Supreme Court, and the receiverships have been extended until the appeals are exhausted. ¶¶2–4
In 2026 the plaintiffs opened a second front. They filed in the Business Court’s Fourth Division seeking appointment of a liquidating receiver over three of those same partnerships, plus dissolution, winding up and termination — relief the Kendall County court had already declined to give them, choosing instead to extend the existing receivership. ¶¶4–5 The defendants challenged subject-matter jurisdiction. The court granted the plea by written order signed August 31 and issued this opinion explaining why on September 4. ¶7
Where a court has appointed a receiver for a domestic entity under Subchapter B of Chapter 11 of the Business Organizations Code, that court has exclusive jurisdiction over the entity and all of its property for the duration of the receivership. Section 25A.004(b)’s grant of concurrent jurisdiction over “actions in which a district court has exclusive jurisdiction” does not reach it, because Section 11.408(b) confers exclusivity over entities and their property rather than over actions, and does so as to any appointing court. ¶¶19, 28–30
The statute the case turns on is short, and the court quotes it:
“A court that appoints a receiver under this subchapter for the property or business of a domestic entity has exclusive jurisdiction over the domestic entity and all of its property, regardless of where the property is located.”
Tex. Bus. Orgs. Code § 11.408(b), quoted at 2026 Tex. Bus. 62, ¶19
Three steps carry the holding, and each one closes a door the plaintiffs tried.
First, Chapter 11 is jurisdictional, not venue. Sections 11.402(b) and 11.314 vest the power to appoint a receiver and to order an involuntary winding-up in a district court in the county of the partnership’s registered office or principal place of business; Section 11.401 adds that a receiver may be appointed for a domestic entity “only as provided for and on the conditions set forth in this code.” The court rejected the argument that Section 11.314 is non-jurisdictional, reasoning that the Code uses jurisdiction and venue as distinct terms and the Legislature is presumed to have chosen each deliberately. ¶¶16–17
Second, the general receivership statute yields. Section 64.001 of the Civil Practice and Remedies Code says broadly that “a court of competent jurisdiction may appoint a receiver.” The court held it cannot override Chapter 11’s specific grants, citing a line of Texas authority running back to 1974 for the proposition that the general receivership statutes furnish no alternative basis to appoint a receiver in a different county. ¶¶24–25 A contractual designation of Bexar County as the place of performance did not help either: Section 15.035 of the Civil Practice and Remedies Code is a permissive venue provision and says nothing about subject-matter jurisdiction. ¶26
Third — and this is the part with reach beyond these partnerships — Chapter 25A’s concurrency carve-in does not save it. The Business Court does have concurrent jurisdiction over certain “actions in which a district court has exclusive jurisdiction.” The court’s answer was that Section 11.408 is not built that way: it makes the exclusivity attach to a court that appoints a receiver — any court — and it runs to the entities and their property rather than to a category of action. The Texas Supreme Court has long held that receivership exclusivity disables even courts of coordinate jurisdiction while the receiver holds the property. ¶¶28–29 And in any event Kendall County sits in the Sixth Administrative Judicial Region, outside the Business Court’s operating divisions, so there was no concurrent jurisdiction to derive from it. ¶¶14, 30
Because the plaintiffs, invited to elect a transfer under Section 25A.006, did not specify a court, the claims were dismissed without prejudice rather than transferred. ¶31 The court did not reach the defendants’ amount-in-controversy argument or their alternative plea in abatement. ¶32
When a judge appoints a receiver over a company, the law treats the company and everything it owns as being in that judge’s custody. For as long as that lasts, no other judge can touch it — not because the second judge is the wrong kind of judge, but because the property is already spoken for.
The plaintiffs here asked the Kendall County court to convert an eight-year-old receivership into a wind-up-and-sell receivership. That court declined and extended what it had. They then asked the Business Court’s Fourth Division for the same thing. The Business Court said it had no power to give it, and sent them away without ruling on who is right.
The internal contrast the opinion sets up
The same division reached the opposite result earlier this year. In Kampmann v. Smith, 2026 Tex. Bus. 42, a suit for dissolution, the Fourth Division held that because the entities’ registered office and principal place of business were in Bexar County, the court with power to wind them up was “a Bexar County district court — or this court, exercising concurrent jurisdiction.” ¶18 Read together, the two opinions draw the line cleanly: Chapter 11 locates winding-up jurisdiction by the entity’s county, and the Business Court shares it where that county is inside an operating division — unless a receiver is already appointed, in which case Section 11.408(b) hands the whole entity to the appointing court and sharing stops.
Why this is an architecture problem
It would be easy to file Parker under receivership practice and move on. That understates it. The holding is a consequence of how Texas chose to build a business court, and the choice is visible when the Texas statute is set beside the Delaware provision that does the same work.
| Texas | Delaware |
|---|---|
| Jurisdiction to appoint a receiver for a domestic entity lies in “[a] district court in the county in which the registered office or principal place of business of [the] domestic entity is located.” Tex. Bus. Orgs. Code § 11.402(b) And the appointing court “has exclusive jurisdiction over the domestic entity and all of its property, regardless of where the property is located.” Tex. Bus. Orgs. Code § 11.408(b) |
“Whenever a corporation shall be insolvent, the Court of Chancery, on the application of any creditor or stockholder thereof, may, at any time, appoint 1 or more persons to be receivers of and for the corporation, to take charge of its assets, estate, effects, business and affairs …” 8 Del. C. § 291 |
The difference visible on the face of the two provisions is where each one puts the appointing court. Delaware names it: the Court of Chancery, one statewide court of equity. Texas does not name a court at all — it describes one, by the entity’s county, which resolves to any of the district courts of 254 counties depending on where the entity sits.
That difference is what gives Section 11.408(b) its bite here. An appointing-court exclusivity rule has to identify some court to vest exclusivity in; where the statute names a single forum, the rule allocates nothing, and where the statute points at whichever district court the entity’s county supplies, the rule can land on a court other than the one a litigant wants. This publication has not surveyed Delaware’s exclusivity doctrine and makes no claim about how Delaware would resolve a comparable collision; the point here is confined to what the two texts do with the location of the appointing court.
Texas distributed the same power across the district courts of 254 counties, by entity location, in a code enacted long before anyone contemplated a specialized commercial court. The Business Court arrived in 2024 as an overlay — concurrent jurisdiction, a dollar threshold, a defined list of action types, and an operating footprint that does not yet cover the whole state. Set an exclusivity rule written for the old architecture on top of the new one and you get Parker: a commercial dispute of the exact type the Business Court was built for, defeated by a 2018 order from a county the Business Court does not reach.
This is one opinion from one division, and it decides a jurisdictional question rather than a merits question. It does not show that the Business Court is failing, that receiverships are being used strategically, or that anything needs amending. Note also that the court gave a second, independent ground — Kendall County lies outside the operating divisions — so the opinion does not squarely decide what happens when the appointing court sits inside one. What it does establish is narrower: a party seeking receivership or winding-up relief in the Business Court needs to know whether a receiver has already been appointed over the entity somewhere in Texas, because on these facts that fact was dispositive and no amount of subject-matter fit cured it. Parker is now the citation for that point.
The filing week · ten new petitions
The table below is the week’s new Business Court intake as the docket record states it. Every row carries a case style, a cause number, a division, a presiding judge, a case type and a filing date, and every one of those fields is copied from the court records system rather than characterized. No petition below has been read. Nothing here describes what any party alleges, what any claim is worth, or how any matter is likely to come out; a new petition is one side’s account of a dispute and no court has yet said anything about any of them.
As in Issue No. 17, these rows were derived directly from the re:SearchTX saved-search alert notices delivered to this publication’s dedicated research inbox — Tyler Technologies’ own push channel for the Texas court records system — and not from this publication’s docket_alerts.json, which still carries a generation stamp of August 22, 2026 and contains none of them.
One improvement to report: every Business Court row in this window arrived cleanly identified by division in the alert notices, and this pass required no manual separation of Business Court rows from intermediate appellate traffic. That is a better week than the last three, not a fix — the saved searches remain broadly scoped, and re-scoping them is still carried below.
Cause-number links go to the Texas court records search; a login may be required.
| Filed | Style | Cause · division | Judge | Case type |
|---|---|---|---|---|
| Tue Sep 8 |
David Wukoson v. RMS Lighting, Inc. | 26-BC11B-0098 11th Div. (11b) |
Dorfman | Debt/Contract — Consumer/DTPA |
| Tue Sep 8 |
Forecaster Energy Management, LLC and Rose Energy Management, LLC v. Priority Power Management, LLC and Reliant Energy Retail Services, LLC | 26-BC11B-0099 11th Div. (11b) |
Dorfman | Other Civil |
| Tue Sep 8 |
Hiren Patel v. Praful Patel | 26-BC11B-0100 11th Div. (11b) |
Dorfman | Other Civil |
| Tue Sep 8 |
U.S. Composite Pipe South, LLC and TPG Pressure, Inc. v. Hobas Pipe USA, Inc. and Hobas Management GmbH | 26-BC11B-0101 11th Div. (11b) |
Dorfman | Intellectual Property |
| Wed Sep 9 |
Matthew Schwab and Ryan Schwab v. Martin Water Midstream, LLC and Martin Water Midstream II, LLC | 26-BC11B-0102 11th Div. (11b) |
Dorfman | Debt/Contract — Other |
| Wed Sep 9 |
Phoenix Operating LLC v. Oilfield Specialty Partners, LLC, Betriece Grimes, and Jeremy Matthews | 26-BC01A-0076 1st Div. (1a) |
Bouressa | Debt/Contract — Other |
| Wed Sep 9 |
EOG Resources, Inc. v. CML Exploration, LLC | 26-BC03B-0034 3rd Div. (3b) |
Sweeten | Other Civil |
| Thu Sep 10 |
BAPTKO, Inc. v. Foundation Automotive US Corp., Foundation Auto Holdings, LLC, FA ND CHEV, LLC, FA ND SUB, LLC, and Global Dealer Resources, LLC | 26-BC11B-0103 11th Div. (11b) |
Dorfman | Other Civil |
| Thu Sep 10 |
Bison Pipeline, LLC and Northern Border Pipeline Company v. Wyoming Interstate Company, LLC | 26-BC11A-0104 11th Div. (11a) |
Adrogué | Debt/Contract — Other |
| Fri Sep 11 |
CenterPoint Energy Houston Electric, LLC v. Comcast of Houston, LLC | 26-BC11B-0105 11th Div. (11b) |
Dorfman | Debt/Contract — Other |
Three with named parties readers may recognize
Three of the ten name parties that readers of this publication are likely to recognize by name: EOG Resources, Inc. v. CML Exploration, LLC (26-BC03B-0034, 3rd Div., Sweeten, Other Civil); CenterPoint Energy Houston Electric, LLC v. Comcast of Houston, LLC (26-BC11B-0105, 11th Div., Dorfman, Debt/Contract — Other); and Bison Pipeline, LLC and Northern Border Pipeline Company v. Wyoming Interstate Company, LLC (26-BC11A-0104, 11th Div., Adrogué, Debt/Contract — Other).
That is the whole of what this publication can say about them today. The fields above are the of-record metadata and nothing more; what any of these disputes is actually about is not something a case-type field can tell you, none of the three petitions has been read here, and no court has ruled on any of them. They are noted because readers should know they were filed, and each will be treated when there is a ruling to treat.
A clean numbering run
The one structural fact in this week’s intake that can be checked without reading a pleading is the numbering, and this week it checks out in each division that took a filing. The Fourth and Eighth Divisions took none in this window and so are not part of the check.
- Eleventh Division: 0098, 0099, 0100, 0101, 0102, 0103, 0104, 0105 — eight consecutive numbers, eight petitions, no gap. Seven went to 11b and one to 11a. The run picks up directly from 0097, the last Eleventh Division number reported in Issue No. 17.
- First Division: 0076, following 0075 in Issue No. 17.
- Third Division: 0034, following 0033 in Issue No. 17.
Across all three divisions the sequence continues from last week without a single skipped number.
It is evidence about this publication’s coverage, not about the court. An unbroken run means no petition was filed in these divisions between the lowest and highest numbers we hold and then missed by the alert channel — which, after Issues No. 15 and No. 16 both went to press with gaps, is the specific thing worth verifying each week. Note what the test cannot do: a petition numbered above the last number we hold would be invisible to it, so the check bounds the interior of the range and not its top edge. It says nothing about how the court allocates work, nothing about the pace of filings, and nothing that one week of data could support in any event. The seven-to-one split between 11b and 11a is a fact about four days and should not be read as anything more.
For the record
The register carries one new opinion. The Texas Business Court’s official opinions register was read on Monday, September 14, 2026. The highest citation on it is now 2026 Tex. Bus. 62 — Parker v. Lynzara-Austin Real Estate Management, 4th Div., Sharp, J., signed Friday, September 4, 2026. It is the first entry to appear since 2026 Tex. Bus. 60 was signed on August 17, twenty-eight days ago, and it ends a three-issue run in which this publication reported no movement.
A note on why a September 4 opinion appears in the September 14 issue. TB 62 was signed inside Issue No. 17’s coverage window, not this one’s. It was not on the register when Issue No. 17 went to press on September 7, and this publication reports the register as it stands at press. Consistent with the standing practice set when the same situation arose at 2026 Tex. Bus. 55, Issue No. 17 is not amended and carries no correction: it stated the register accurately on the morning it was published. The opinion is treated here, in the first issue after it became visible. Readers comparing signing dates against issue windows should expect this gap to recur, because the two are measuring different things.
The second channel has not caught up, and that is reported rather than smoothed. This publication’s standing rule is that a register statement is never made from a single fetch. The Dowd Bennett Texas Business Court blog was read the same morning: its newest Business Court post is still dated August 18, 2026 and treats 2026 Tex. Bus. 60. It has not yet posted TB 62. The two channels therefore do not agree this week, and the disagreement is resolved in the only way it can be — the court’s own signed PDF was retrieved and read in full, and every fact reported above about Parker comes from that document rather than from either index. Readers should know that the secondary channel lagged, because in a week where the register had not moved the same lag would have been invisible.
There is no opinion numbered 61 on the register. The sequence runs … 59, 60, 62. This is a statement about the register and nothing more. A citation number may be reserved, assigned to an opinion not yet posted, or skipped; this publication does not know which, does not speculate, and will report the resolution if and when one appears. It is noted only so that a reader comparing our corpus count against the citation numbers is not left to wonder.
Correction, September 15. The sentence above was wrong when published. The register carried 2026 Tex. Bus. 61, Dhannani v. Batool (11th Div., Adrogué, J., mem. op.), signed and clerk-entered September 11, 2026, inside this issue’s coverage window. The court’s heading mistyped the citation as “2026 Tex, Bus. 61”; the PDF link and the opinion itself carry the correct form. Our register read on September 14, like the feed’s parser, keyed on the heading and skipped it. The opinion denies a motion to remand: a plaintiff’s own removal filed one day after the district court granted her temporary injunction was timely under section 25A.006(f)(2), and the pleaded amount in controversy stood absent controverting evidence. It is in the corpus as of September 15 and is treated in Issue No. 19. The “New opinions” count for this issue is two, not one.
The staged opinions feed is twenty-seven days behind the register. The copy of opinions.json in this publication’s deploy tree carries a generation stamp of August 18, 2026 and a highest citation of 2026 Tex. Bus. 60; it does not contain TB 62. Nothing published in this issue rests on it — the opinion above was read in the signed PDF — but the stamp is a fact readers are entitled to, and the gap is now large enough that the staged copy needs a run before it is relied on for anything.
The published feed appears to be ahead of the staged copy, and that divergence is itself reportable. The live counters on this publication’s own landing page resolve to a corpus of 124 opinions with a highest citation of 2026 Tex. Bus. 62 — that is, the feed serving the public site has already taken up the new opinion, while the copy in the deploy tree has not. Two artifacts that are supposed to be the same thing are not the same thing. This publication does not yet know which way the discrepancy runs or what reconciles it, and does not guess; it is recorded here, carried below, and will be reported when it is understood. Resolved, September 15. The live feed is the canonical corpus, by this publication’s standing rule that a public surface reads the feed and never a copy inside its own tree; the opinions.json in the deploy tree is a retired mirror that no published page reads. The discrepancy ran the way it should: the public feed was current and the dead copy was stale. The live counters are this publication’s own artifact and are not offered as an independent channel; a corpus count and a maximum citation are in any event not a gap check, and nothing about TB 61 is inferred from them.
The corpus matrix was incremented this week. Because an opinion issued above TB 60, the Business Court Codex corpus takes TB 62 as a new record and the matrix version moves accordingly. No record is reserved or synthesized for TB 61. Corrected, September 15. TB 61 is a real opinion and is now in the corpus; the Codex moves to v1.5.3 with 125 coded records.
The docket-alert feed is twenty-three days stale. docket_alerts.json carries a generation stamp of August 22, 2026 and contains none of the ten petitions reported in this issue. That is why the table above was built from the alert notices directly. The feed needs a run.
Dockets and calendar
The settings below were derived from the docket-alert export of August 15, 2026 and were published in Issues No. 15 through No. 17. They have not been re-derived since. The current docket_alerts.json carries no scheduled-setting field this publication’s build can read — its records key on filing date — so the forward settings are republished unchanged rather than refreshed, and settings that have since passed are dropped rather than reported as though we had confirmed what happened at them. Every entry should be confirmed against the live docket before anyone travels.
| Date | Matter | Court · judge | Setting |
|---|---|---|---|
| Mon, Sep 14 9:00 a.m. | Plains Oryx Permian Basin Pipeline LLC, et al. v. Texas-New Mexico Pipe Line Company, et al. 25-BC11A-0030 · 2026 Tex. Bus. 29 | 11th Div. (11a) · Bullard | Pre-trial conference |
| Wed, Sep 16 9:00 a.m. | Cobalt Falcon, LLC v. AXS Investments, LLC 25-BC01A-0023 · 2026 Tex. Bus. 43 | 1st Div. (1a) · Bouressa | Bench trial |
| Mon, Sep 21 9:00 a.m. | Plains Oryx Permian Basin Pipeline LLC, et al. v. Texas-New Mexico Pipe Line Company, et al. 25-BC11A-0030 · 2026 Tex. Bus. 29 | 11th Div. (11a) · Bullard | Bench trial |
| Thu, Sep 24 2:00 p.m. | Clean Hydrogen Works, LLC, et al. v. Denbury Carbon Solutions, LLC, Exxon Mobil Corporation, et al. 25-BC11A-0017 · 2026 Tex. Bus. 58 | 11th Div. (11a) · Adrogué | Pre-trial conference |
| Mon, Sep 28 9:00 a.m. | Clean Hydrogen Works, LLC, et al. 25-BC11A-0017 | 11th Div. (11a) · Adrogué | Trial on the merits |
| Mon, Sep 28 10:00 a.m. | Beard v. Beard 25-BC01B-0036 | 1st Div. (1b) · Whitehill | Jury trial |
| Wed, Sep 30 9:30 a.m. | Clean Hydrogen Works, LLC, et al. 25-BC11A-0017 | 11th Div. (11a) · Adrogué | Special appearance |
The sequencing anomaly first flagged in Issue No. 15 stands unresolved: the export places a special appearance in Clean Hydrogen Works on September 30, two days after a trial on the merits in the same matter. We print the export as it stands and flag it rather than quietly reordering it. No setting recorded in the export fell within this issue’s coverage window of September 6 – 12. The first entry in the table, the Plains Oryx pre-trial conference, is set for this morning; what occurs at it is not something this issue can state, and it is not stated.
Carried forward
- Opinion 61.
No entry bearing that number appears on the register. Watched, not speculated about.Correction, September 20. Superseded by the correction above. The register did carry 2026 Tex. Bus. 61 under a heading in which the court mistyped the citation; Dhannani v. Batool is treated in full in Issue No. 19. - The secondary register channel. Dowd Bennett had not posted TB 62 at this issue’s press time. If the lag persists, a third independent channel is needed so that two-channel confirmation does not degrade into one channel plus a slow one.
- Re-scoping the alert searches. This week’s notices arrived cleanly divisioned and required no manual triage, but the saved searches remain broadly scoped and the durable fix is still open.
- Staged feed versus published feed. The staged
opinions.jsonis stamped August 18 and omits TB 62; the feed serving the live site resolves to 124 opinions through TB 62.Which is canonical, and what reconciles them, is open and is the first thing to settle before either is relied on.Correction, September 20. Settled since press time. The feed serving the live site is canonical; the staged mirror is retired. Issue No. 19 records the disposition under “For the record.” - Both staged feeds need a run.
opinions.jsonis stamped August 18;docket_alerts.jsonis stamped August 22. Both are disclosed each week until cleared. - The ten petitions reported above — on the watch list for a first substantive order, with EOG Resources, CenterPoint and Bison Pipeline flagged for early treatment.
- The eleven petitions reported in Issue No. 17 — no first substantive order read in any of them this week.
- Whether Parker is refiled in Kendall County, or an appeal is taken from the dismissal — nothing on the record at press time.
- The pending adviser suits over the Snap One and Couchbase transactions, treated in Issue No. 16 — no signed opinion read in either; cause numbers still to be obtained.
- The Daley claims in CAM Industrial Solutions remain live.
- Whether Jackson goes up — petition status still unconfirmed at press.
- A final judgment in Sri Shirdi — fee-ruling status still unconfirmed at press.
- Benjamin Edwards’s monthly Nevada and Texas reincorporation list for August — not confirmed as posted at this issue’s press time; to be cross-checked against the tracker cohort when it arrives.