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Texas Business Organizations Code

§ 12.253 — ACTION AGAINST INSOLVENT ENTITY

BO § 12.253Title 1. GENERAL PROVISIONS · Ch. 12. ADMINISTRATIVE POWERS · Art. D. ENFORCEMENT PROCEEDINGS

Statute text

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When the attorney general is convinced that a filing entity or foreign filing entity is insolvent, the attorney general shall institute quo warranto or other appropriate proceedings to terminate the certificate of formation or registration of the filing entity or foreign filing entity that is insolvent.

Legislative history

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Source: Texas Business Organizations Code § 12.253 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.