Texas Business Organizations Code - Section 153.307. Effect Of Failure To File Report
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§ 153.307. EFFECT OF FAILURE TO FILE REPORT. (a) A
domestic or foreign limited partnership that fails to file a report
under Section 153.301 when the report is due forfeits the limited
partnership's right to transact business in this state. A
forfeiture under this section takes effect without judicial
ascertainment.
(b) When the right to transact business has been forfeited
under this section, the secretary of state shall note that the right
to transact business has been forfeited and the date of forfeiture
on the record kept in the secretary's office relating to the limited
partnership.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 153.257 153.301 153.302 153.303 153.304 153.305 153.306 153.307 153.308 153.309 153.310 153.311 153.312 153.351 153.352
Last modified: August 10, 2007
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