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Texas Business Organizations Code - BUS ORG § 153.310. Revival of Right to Transact Business

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

(a) A limited partnership that forfeits the right to transact business in this state as provided by Section 153.309 may be relieved from the forfeiture by filing the required report not later than the 120th day after the date of mailing of the notice of forfeiture under Section 153.308, accompanied by the filing fees as provided by Chapter 4.

(b) If a limited partnership complies with Subsection (a), the secretary of state shall:

(1) revive the right of the limited partnership to transact business in this state;

(2) cancel the note regarding the forfeiture; and

(3) note the revival and the date of revival on the record kept in the secretary's office relating to the limited partnership.

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Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 153.310. Revival of Right to Transact Business - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-153-310/

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