Texas Business Organizations Code - Section 12.201. Lien For Law Violations
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§ 12.201. LIEN FOR LAW VIOLATIONS. (a) If a filing entity
or foreign filing entity violates a law of this state, including the
law against trusts, monopolies, and conspiracies, or combinations
or contracts in restraint of trade, for the violation of which a
fine, penalties, or forfeiture is provided, all of the entity's
property in this state at the time of the violation or that after
the violation comes into this state is, because of the violation,
liable for any fine or penalty under this chapter and for costs of
suit and costs of collection.
(b) The state has a lien on all property of a filing entity
or foreign filing entity in this state on the date a suit is
instituted by or under the direction of the attorney general in a
court of this state for the purpose of forfeiting the certificate of
formation or revoking the registration of the entity or for the
collection of a fine or penalty due to the state.
(c) The filing of a suit for a fine, penalties, or
forfeiture is notice of the lien.
(d) In addition to the property subjected to the lien under
Subsection (b), the lien applies to any property that comes into the
possession of a receiver appointed under Subchapter D.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 12.004 12.151 12.152 12.153 12.154 12.155 12.156 12.201 12.251 12.252 12.253 12.254 12.255 12.256 12.257
Last modified: August 11, 2007
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