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Texas Business Organizations Code

§ 22.360 — FAILURE TO FILE REPORT

BO § 22.360Title 2. CORPORATIONS · Ch. 22. NONPROFIT CORPORATIONS · Art. H. RECORDS AND REPORTS

Statute text

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(a)A domestic or foreign corporation that fails to file a report under Sections 22.357 and 22.359 when the report is due forfeits the corporation's right to conduct affairs in this state.
(b)The forfeiture takes effect, without judicial action, when the secretary of state enters on the record of the corporation kept in the office of the secretary of state:
(1)the words "right to conduct affairs forfeited"; and
(2)the date of forfeiture.

Legislative history

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

Source: Texas Business Organizations Code § 22.360 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.