Texas Tax Code 171.310 – Judicial Proceeding Not Required for Forfeiture by Secretary of State
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Terms Used In Texas Tax Code 171.310
- 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.
The forfeiture by the secretary of state of a corporation‘s charter or certificate of authority under this chapter is effected without a judicial proceeding.