Sec. 12.253. ACTION AGAINST INSOLVENT ENTITY. When the attorney general is convinced that a filing entity or foreign filing entity is insolvent, the attorney general shall institute quo warranto or other appropriate proceedings to terminate the certificate of formation or registration of the filing entity or foreign filing entity that is insolvent.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Chapter 12 - Administrative Powers
Subchapter D. Enforcement Proceedings
Section 12.253. Action Against Insolvent Entity
Section 12.254. Suits by District or County Attorney
Section 12.255. Permission to Sue
Section 12.256. Examination and Notice
Section 12.257. Dismissal of Action
Section 12.258. Liquidation of Insolvent Entity
Section 12.259. Extraordinary Remedies; Bond