Texas Business Organizations Code - Section 11.153. Court Revocation Of Fraudulent Termination
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Texas Laws > Business Organizations Code > Texas Business Organizations Code - Section 11.153. Court Revocation Of Fraudulent Termination
Section: 11.101 11.102 11.103 11.104 11.105 11.151 11.152 11.153 11.201 11.202 11.203 11.204 11.205 11.206 11.251
§ 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