Texas Business Organizations Code - Section 11.251. Termination Of Filing Entity By Secretary Of State
Legal Research Home >
Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 11.251. Termination Of Filing Entity By Secretary Of State
§ 11.251. TERMINATION OF FILING ENTITY BY SECRETARY OF
STATE. (a) If it appears to the secretary of state that, with
respect to a filing entity, a circumstance described by Subsection
(b) exists, the secretary of state may notify the entity of the
circumstance by regular or certified mail addressed to the entity
at the entity's registered office or principal place of business as
shown on the records of the secretary of state.
(b) The secretary of state may terminate a filing entity's
existence if the secretary finds that the entity has failed to, and,
before the 91st day after the date notice was mailed has not
corrected the entity's failure to:
(1) file a report within the period required by law or
to pay a fee or penalty prescribed by law when due and payable;
(2) maintain a registered agent or registered office
in this state as required by law; or
(3) pay a fee required in connection with a filing, or
payment of the fee was dishonored when presented by the state for
payment.
(c) This subchapter shall not apply to real estate
investment trusts.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 11.153 11.201 11.202 11.203 11.204 11.205 11.206 11.251 11.252 11.253 11.254 11.301 11.302 11.303 11.304
Last modified: August 11, 2007
|
