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Texas Business Organizations Code

§ 4.057 — ABANDONMENT BEFORE EFFECTIVENESS

BO § 4.057Title 1. GENERAL PROVISIONS · Ch. 4. FILINGS · Art. B. WHEN FILINGS TAKE EFFECT

Statute text

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(a)The parties to a filing instrument may abandon the filing instrument if the instrument has not taken effect.
(b)To abandon a filing instrument the parties to the instrument must file with the filing officer a certificate of abandonment.
(c)A certificate of abandonment must:
(1)be signed on behalf of each entity that is a party to the action or transaction by the person authorized by this code to act on behalf of the entity;
(2)state the nature of the filing instrument to be abandoned, the date of the instrument, and the parties to the instrument; and
(3)state that the filing instrument has been abandoned in accordance with the agreement of the parties.

Legislative history

Acts 2019, 86th Leg., R.S., Ch. 658 (S.B. 1859), Sec. 5, eff. September 1, 2019.

Source: Texas Business Organizations Code § 4.057 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.