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Texas Business Organizations Code - BUS ORG § 11.201. Conditions for Reinstatement

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) A terminated entity may be reinstated under this subchapter if:

(1) the termination was by mistake or inadvertent;

(2) the termination occurred without the approval of the entity's governing persons when their approval is required by the title of this code governing the terminated entity;

(3) the process of winding up before termination had not been completed by the entity;  or

(4) the legal existence of the entity is necessary to:

(A) convey or assign property;

(B) settle or release a claim or liability;

(C) take an action;  or

(D) sign an instrument or agreement.

(b) A terminated entity may not be reinstated under this section if the termination occurred as a result of:

(1) an order of a court or the secretary of state;

(2) an event requiring winding up that is specified in the title of this code governing the terminated entity, if that title prohibits reinstatement;  or

(3) forfeiture under the Tax Code.

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Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 11.201. Conditions for Reinstatement - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-11-201/

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