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Texas Civil Practice and Remedies Code

§ 64.075 — FORFEITURE OF CHARTER FOR UNQUALIFIED RECEIVER

CP § 64.075Title 3. EXTRAORDINARY REMEDIES · Ch. 64. RECEIVERSHIP · Art. E. PROVISIONS RELATING TO RECEIVERSHIP OF CORPORATIONS

Statute text

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If a person who is not a citizen and qualified voter of this state is appointed receiver for a domestic corporation that owns property in this state, the corporation forfeits its charter. The attorney general shall immediately bring suit in the nature of quo warranto for forfeiture of the charter.

Legislative history

Acts 1985, 69th Leg., ch. 959, Sec. 1, eff. Sept. 1, 1985.

Source: Texas Civil Practice and Remedies Code § 64.075 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.