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Texas Finance Code - FIN § 342.157. Corporate Charter Forfeiture

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

(a) A license holder who violates this chapter is subject to revocation of the holder's license and, if the license holder is a corporation, forfeiture of its charter.

(b) When the attorney general is notified of a violation of this chapter and revocation of a license, the attorney general shall file suit in a district court in Travis County, if the license holder is a corporation, for forfeiture of the license holder's charter.

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Cite this article: FindLaw.com - Texas Finance Code - FIN § 342.157. Corporate Charter Forfeiture - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-342-157/

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