Tex. Bus. Orgs. Code § 12.257 · Subchapter D. ENFORCEMENT PROCEEDINGS
DISMISSAL OF ACTION.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A suit authorized by Section 12.253 or 12.258 may not be filed or, if filed, shall be dismissed if the entity, through its owners or members, reduces its indebtedness so that it is not insolvent.
(b) The respondent shall pay the costs of a dismissed suit under this section.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BO/htm/BO.12.htm
- Text hash
- sha256 f98da6ffdcbe07791f7dfa53dfa9527ec69f43b02cc5ae38245698865aa96949
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.