Texas Tax Code 171.307 – Record of Suit to Set Aside Judicial Forfeiture
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Terms Used In Texas Tax Code 171.307
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
If a court under this chapter sets aside the forfeiture of a corporation‘s charter or certificate of authority, the secretary of state shall inscribe on the corporation’s record in the secretary’s office the words “Charter Revived by Court Order” or “Certificate Revived by Court Order,” a citation to the suit, and the date of the court’s judgment.