Texas Business Organizations Code - Section 4.056. Failure To File Statement
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§ 4.056. FAILURE TO FILE STATEMENT. (a) If the effect of
a filing instrument is conditioned on the occurrence of a future
event or fact, other than the passage of time, and the statement
required by Section 4.055 is not filed before the expiration of the
prescribed time, the filing instrument does not take effect. This
section does not preclude the filing of a subsequent filing
instrument required by this code to make the event or transaction
evidenced by the original filing instrument effective.
(b) If the effect of a filing instrument is conditioned on
the occurrence of a future event or fact, other than the passage of
time, and the specified event or fact does not occur and is not
waived, the parties to the filing instrument must sign and file a
certificate of abandonment as provided by Section 4.057.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 4.008 4.009 4.051 4.052 4.053 4.054 4.055 4.056 4.057 4.058 4.059 4.101 4.102 4.103 4.104
Last modified: August 11, 2007
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