Tex. Tax Code § 171.252 · Subchapter F. FORFEITURE OF CORPORATE AND BUSINESS PRIVILEGES
EFFECTS OF FORFEITURE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
If the corporate privileges of a corporation are forfeited under this subchapter:
(1) the corporation shall be denied the right to sue or defend in a court of this state; and
(2) each director or officer of the corporation is liable for a debt of the corporation as provided by Section 171.255 of this code.
Notes and commentary — not statutory text
History
Acts 1981, 67th Leg., p. 1704, ch. 389, Sec. 1, eff. Jan. 1, 1982.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TX/htm/TX.171.htm
- Text hash
- sha256 b4e4a3b08601cea5cd2c91dfc3bdf14ae36efb3409f02bc41a2ae3e226941884
- 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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