Texas Government Code - Section 402.023. Corporate Charters
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§ 402.023. CORPORATE CHARTERS. (a) Unless provided
otherwise by law, the attorney general shall seek a judicial
forfeiture of a private corporation's charter if sufficient cause
exists. If satisfactory evidence is presented to the attorney
general that a corporation receiving state aid has forfeited its
charter or rights under its charter, the attorney general shall
immediately seek a judicial forfeiture of the charter.
(b) The attorney general shall inquire into the charter
rights of each private corporation and act in the name of the state
as proper and necessary to prevent the corporation from exercising
a power or demanding or collecting a tax, toll, freight, or wharfage
not authorized by law.
Acts 1987, 70th Leg., ch. 147, § 1, eff. Sept. 1, 1987.
Section: 402.006 402.007 402.008 402.009 402.021 402.0212 402.0213 402.023 402.0231 402.024 402.025 402.026 402.027 402.028 402.029
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Last modified: August 10, 2007
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