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Texas Civil Practice and Remedies Code - CIV PRAC & REM § 64.075. Forfeiture of Charter for Unqualified Receiver

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

If a person who is not a citizen and qualified voter of this state is appointed receiver for a domestic corporation that owns property in this state, the corporation forfeits its charter.  The attorney general shall immediately bring suit in the nature of quo warranto for forfeiture of the charter.

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Cite this article: FindLaw.com - Texas Civil Practice and Remedies Code - CIV PRAC & REM § 64.075. Forfeiture of Charter for Unqualified Receiver - last updated January 01, 2024 | https://codes.findlaw.com/tx/civil-practice-and-remedies-code/civ-prac-rem-sect-64-075/

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