Texas Business Organizations Code - Section 11.201. Conditions For Reinstatement
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§ 11.201. CONDITIONS FOR REINSTATEMENT. (a) A terminated
entity may be reinstated under this subchapter if:
(1) the termination was by mistake or inadvertent;
(2) the termination occurred without the approval of
the entity's governing persons when their approval is required by
the title of this code governing the terminated entity;
(3) the process of winding up before termination had
not been completed by the entity; or
(4) the legal existence of the entity is necessary to:
(A) convey or assign property;
(B) settle or release a claim or liability;
(C) take an action; or
(D) sign an instrument or agreement.
(b) A terminated entity may not be reinstated under this
section if the termination occurred as a result of:
(1) an order of a court or the secretary of state;
(2) an event requiring winding up that is specified in
the title of this code governing the terminated entity, if that
title prohibits reinstatement; or
(3) forfeiture under the Tax Code.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 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 11.252
Last modified: August 11, 2007
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