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Texas Business Organizations Code

§ 22.363 — REVIVAL OF RIGHT TO CONDUCT AFFAIRS

BO § 22.363Title 2. CORPORATIONS · Ch. 22. NONPROFIT CORPORATIONS · Art. H. RECORDS AND REPORTS

Statute text

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(a)A corporation may be relieved from a forfeiture under Section 22.360 by filing the required report, accompanied by the revival fee, not later than the 120th day after the date of mailing of the notice of forfeiture under Section 22.361.
(b)If a corporation complies with Subsection (a), the secretary of state shall:
(1)revive the right of the corporation to conduct affairs in this state;
(2)cancel the words regarding the forfeiture on the record of the corporation; and
(3)endorse on that record the word "revived" and the date of revival.

Legislative history

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

Source: Texas Business Organizations Code § 22.363 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.