Tex. Civ. Prac. & Rem. Code § 64.075 · Subchapter E. PROVISIONS RELATING TO RECEIVERSHIP OF CORPORATIONS
FORFEITURE OF CHARTER FOR UNQUALIFIED RECEIVER.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
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.
Notes and commentary — not statutory text
History
Acts 1985, 69th Leg., ch. 959, Sec. 1, eff. Sept. 1, 1985.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/CP/htm/CP.64.htm
- Text hash
- sha256 893713249caddf197c27e98a2bec42d930e99472cf6edc0e0765bef909f880de
- 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
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.