Sec. 153.307. EFFECT OF FAILURE TO FILE REPORT. (a) A domestic or foreign limited partnership that fails to file a report under Section 153.301 when the report is due forfeits the limited partnership's right to transact business in this state. A forfeiture under this section takes effect without judicial ascertainment.
(b) When the right to transact business has been forfeited under this section, the secretary of state shall note that the right to transact business has been forfeited and the date of forfeiture on the record kept in the secretary's office relating to the limited partnership.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Chapter 153 - Limited Partnerships
Section 153.301. Periodic Report
Section 153.302. Form and Contents of Report
Section 153.304. Delivery of Report
Section 153.305. Action by Secretary of State
Section 153.306. Effect of Filing Report
Section 153.307. Effect of Failure to File Report
Section 153.308. Notice of Forfeiture of Right to Transact Business
Section 153.309. Effect of Forfeiture of Right to Transact Business
Section 153.310. Revival of Right to Transact Business
Section 153.311. Termination of Certificate or Revocation of Registration After Forfeiture
Section 153.312. Reinstatement of Certificate of Formation or Registration