Tex. Bus. Orgs. Code § 153.307 · Subchapter G. REPORTS
EFFECT OF FAILURE TO FILE REPORT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A domestic or foreign limited partnership that fails to file a report under Section 153.301 when the report is due forfeits the limited partnership's right to transact business in this state. A forfeiture under this section takes effect without judicial ascertainment.
(b) When the right to transact business has been forfeited under this section, the secretary of state shall note that the right to transact business has been forfeited and the date of forfeiture on the record kept in the secretary's office relating to the limited partnership.
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.153.htm
- Text hash
- sha256 ad002cf8307e5e75c972249298e84321120deafc6dfb6465b09d08af154752d9
- 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
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Business Organizations Code
Cited by 3 provisions
Provisions in this library whose text cites Tex. Bus. Orgs. Code § 153.307. Each shows the citation as that text prints it.
Business Organizations Code
- Tex. Bus. Orgs. Code § 153.308NOTICE OF FORFEITURE OF RIGHT TO TRANSACT BUSINESS.Printed as Section 153.307
- Tex. Bus. Orgs. Code § 153.309EFFECT OF FORFEITURE OF RIGHT TO TRANSACT BUSINESS.Printed as Sections 153.307 and 153.308
- Tex. Bus. Orgs. Code § 153.311TERMINATION OF CERTIFICATE OR REVOCATION OF REGISTRATION AFTER FORFEITURE.Printed as Section 153.307
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.