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Texas Business Organizations Code - Section 11.153. Court Revocation Of Fraudulent Termination

Legal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 11.153. Court Revocation Of Fraudulent Termination

§ 11.153. COURT REVOCATION OF FRAUDULENT 
TERMINATION.  Notwithstanding any provision of this code to the 
contrary, a court may order the revocation of termination of an 
entity's existence that was terminated as a result of actual or 
constructive fraud.  In an action under this section, any 
limitation period provided by law is tolled in accordance with the 
discovery rule.  The secretary of state shall take any action 
necessary to implement an order under this section.

Added by Acts 2005, 79th Leg., ch. 64, § 40, eff. Jan. 1, 2006.            

Last modified: August 11, 2007