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Texas Tax Code Section 171.309 - Forfeiture By Secretary Of State

Legal Research Home > Texas Laws > Tax Code > Texas Tax Code Section 171.309 - Forfeiture By Secretary Of State




§ 171.309. FORFEITURE BY SECRETARY OF STATE.  The 

secretary of state may forfeit the charter or certificate of 

authority of a corporation if:

		(1)  the secretary receives the comptroller's 

certification under Section 171.302 of this code;

		(2)  the corporation does not revive its forfeited 

corporate privileges within 120 days after the date that the 

corporate privileges were forfeited;  and

		(3)  the corporation does not have assets from which a 

judgment for any tax, penalty, or court costs imposed by this 

chapter may be satisfied.



Acts 1981, 67th Leg., p. 1707, ch. 389, § 1, eff. Jan. 1, 1982.  

Amended by Acts 1984, 68th Leg., 2nd C.S., ch. 10, art. 3, § 6, 

eff. Sept. 1, 1984.





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Last modified: March 7, 2007