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Current as of January 01, 2024 | Updated by FindLaw Staff
(a) If the filing instrument is to take effect on or after the occurrence of a future event or fact in accordance with Section 4.053(a)(2) and the statement required by Section 4.055 is not filed before the expiration of the prescribed time, the filing instrument does not take effect. This section does not preclude the filing of a subsequent filing instrument required by this code to make the action or transaction evidenced by the original filing instrument effective.
(b) If the filing instrument is to take effect on or after the occurrence of a future event or fact and the specified event or fact does not occur and is not waived, the parties to the filing instrument must sign and file a certificate of abandonment as provided by Section 4.057.
Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 4.056. Failure to File Statement - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-4-056/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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