Texas Business Organizations Code - BUS ORG § 22.362. Effect of Forfeiture

(1) the corporation may not maintain an action, suit, or proceeding in a court of this state;  and

(2) a successor or assignee of the corporation may not maintain an action, suit, or proceeding in a court of this state on a right, claim, or demand arising from the conduct of affairs by the corporation in this state.

(1) the holder in due course of a negotiable promissory note, check, or bill of exchange;  or

(2) the bona fide purchaser for value of a warehouse receipt, stock certificate, or other instrument negotiable by law.

(1) impair the validity of a contract or act of the corporation;  or

(2) prevent the corporation from defending an action, suit, or proceeding in a court of this state.