Texas Business Organizations Code 11.206 – Effect of Reinstatement
Current as of: 2024 | Check for updates
|
Other versions
(a) When the reinstatement of a terminated entity takes effect:
(1) the existence of the terminated entity is considered to have continued without interruption from the date of termination; and
(2) the terminated entity may carry on its business as if the termination of its existence had not occurred.
(b) The reinstatement of a terminated limited liability company automatically reinstates any protected series or registered series that terminated because of the termination of the company.
Terms Used In Texas Business Organizations Code 11.206
- Business: means a trade, occupation, profession, or other commercial activity. See Texas Business Organizations Code 1.002
- Entity: means a domestic entity or foreign entity. See Texas Business Organizations Code 1.002
- Limited liability company: means an entity governed as a limited liability company under Title 3 or 7. See Texas Business Organizations Code 1.002
- Protected series: means a series of a domestic limited liability company that is established as a protected series in accordance with § 101. See Texas Business Organizations Code 1.002
- Registered series: means a series of a domestic limited liability company that is formed as a registered series in accordance with § 101. See Texas Business Organizations Code 1.002