Texas Business Organizations Code - Section 9.151. Revocation Of Registration By Court Action
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§ 9.151. REVOCATION OF REGISTRATION BY COURT ACTION. (a)
A court may revoke the registration of a foreign filing entity if,
as a result of an action brought under Section 9.153, the court
finds that one or more of the following problems exist:
(1) the entity did not comply with a condition
precedent to the issuance of the entity's registration or an
amendment to the registration;
(2) the entity's registration or any amendment to the
entity's registration was fraudulently filed;
(3) a misrepresentation of a material matter was made
in an application, report, affidavit, or other document the entity
submitted under this code;
(4) the entity has continued to transact business
beyond the scope of the purpose or purposes expressed in the
entity's registration; or
(5) public interest requires revocation because:
(A) the entity has been convicted of a felony or a
high managerial agent of the entity has been convicted of a felony
committed in the conduct of the entity's affairs;
(B) the entity or the high managerial agent has
engaged in a persistent course of felonious conduct; and
(C) revocation is necessary to prevent future
felonious conduct of the same character.
(b) Sections 9.152-9.157 do not apply to Subsection (a)(5).
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 9.055 9.101 9.102 9.103 9.104 9.105 9.106 9.151 9.152 9.153 9.154 9.155 9.156 9.157 9.158
Last modified: August 11, 2007
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