Sec. 501.058. EFFECT OF ISSUANCE OF CERTIFICATE EVIDENCING FILING. (a) A corporation's existence begins when the certificate evidencing the filing of its certificate of formation is issued.
(b) After the issuance of the certificate evidencing the filing of the certificate of formation, the formation of the corporation may not be contested for any reason.
(c) A certificate evidencing the filing of the certificate of formation is conclusive evidence that:
(1) the organizers and the unit have performed all conditions precedent for the formation of the corporation; and
(2) the corporation is formed under this subtitle.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.
Section: Previous 501.051 501.052 501.053 501.054 501.055 501.056 501.057 501.058 501.059 501.060 501.061 501.062 501.063 501.064 501.065 NextLast modified: September 28, 2016