Tex. Loc. Gov't Code § 303.106 · Subchapter D. DISSOLUTION OF CORPORATION
RIGHTS, CLAIMS, AND LIABILITIES BEFORE DISSOLUTION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The dissolution of a corporation by the expiration of its duration or by the issuance of a certificate of dissolution does not impair a remedy available to or against the corporation or a director or officer of the corporation for a right or claim existing or a liability incurred before the dissolution, if action or other proceeding on the remedy is begun before the third anniversary of the date of the dissolution.
(b) The action may be prosecuted or defended by the corporation in its corporate name.
(c) The directors and officers may take corporate or other action as appropriate to protect the remedy, right, or claim.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 227, Sec. 11, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LG/htm/LG.303.htm
- Text hash
- sha256 2ec352bd9299b8e18d49c94c45e4aa0ffeb83242ba96ea326598441235abc626
- 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.