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Texas Natural Resources Code

§ 161.067 — FORFEITURE OF CHARTER AND RIGHTS

NR § 161.067Title 7. RESOURCES PROGRAMS · Ch. 161. VETERANS LAND BOARD · Art. C. POWERS AND DUTIES

Statute text

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(a)If a corporation fails or refuses to comply with the orders of the board under Sections 161.064 through 161.066 of this code, the corporation shall forfeit its right to do business in this state, and its permit or charter shall be canceled or forfeited by the attorney general.
(b)The failure or refusal by a person is presumed to be prima facie evidence of fraud on the board and veteran in violation of this chapter, and the person shall lose and forfeit all rights and benefits under this chapter.

Legislative history

Acts 1977, 65th Leg., p. 2657, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.

Source: Texas Natural Resources Code § 161.067 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.