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Current as of January 01, 2024 | Updated by FindLaw Staff
(a) If a foreign corporation that is a common purchaser violates a provision of this subchapter, Subchapter C, F, or G of this chapter, 1 or Sections 111.004, 111.025, 111.131 through 111.133, 111.136, 111.137, or 111.140 of this code or a valid rule promulgated by the commission under these provisions, the attorney general may bring suit in a district court of Travis County to cancel the permit of the corporation and enjoin and forever prohibit the corporation from doing business in this state.
(b) If the corporation is found guilty by the court before whom the action is brought, the permit may be cancelled and the injunction may be granted, provided the cancellation and injunction are in addition to all other penalties.
Cite this article: FindLaw.com - Texas Natural Resources Code - NAT RES § 111.094. Forfeiture of Charter of Foreign Corporation - last updated January 01, 2024 | https://codes.findlaw.com/tx/natural-resources-code/nat-res-sect-111-094/
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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