Current as of April 14, 2021 | Updated by FindLaw Staff
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(a) The attorney general may institute a quo warranto proceeding in a district court of Travis County to forfeit the charter or the right to do business of a corporation an officer, director, agent, or employee of which refuses or fails to correct a violation of this chapter after the department or attorney general notifies the officer, director, agent, or employee of the violation.
(b) Thirty days is considered a sufficient period to correct the violation after notice from the department or attorney general.
Cite this article: FindLaw.com - Texas Finance Code - FIN § 154.410. Quo Warranto Proceedings - last updated April 14, 2021 | https://codes.findlaw.com/tx/finance-code/fin-sect-154-410/
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