Texas Tax Code Section 171.309 - Forfeiture By Secretary Of State
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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