Sec. 22.365. REINSTATEMENT. (a) A corporation that is terminated or the registration of which has been revoked as provided by Section 22.364 may be relieved of the termination or revocation by filing the report required by Section 22.357, accompanied by the filing fee for the report, if the corporation has paid:
(1) all fees, taxes, penalties, and interest due and accruing before the termination or revocation; and
(2) an amount equal to the total taxes from the date of termination or revocation to the date of reinstatement that would have been payable if the corporation had not been terminated or had its registration revoked.
(b) When the report is filed and the filing fee is paid to the secretary of state, the secretary of state shall:
(1) reinstate the certificate of formation or registration without judicial action;
(2) cancel the word "forfeited" on the record; and
(3) endorse on the record kept in the secretary's office relating to the corporation the words "set aside" and the date of the reinstatement.
(c) If a termination or revocation is set aside under this section, the corporation shall determine from the secretary of state whether the name of the corporation is available. If the name of the corporation is not available at the time of reinstatement, the corporation shall amend its corporate name under this code.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Structure Texas Statutes
Chapter 22 - Nonprofit Corporations
Subchapter H. Records and Reports
Section 22.351. Member's Right to Inspect Books and Records
Section 22.352. Financial Records and Annual Reports
Section 22.353. Availability of Financial Information for Public Inspection
Section 22.354. Failure to Maintain Financial Record or Prepare Annual Report; Offense
Section 22.356. Corporations Assisting State Agencies
Section 22.357. Report of Domestic and Foreign Corporations
Section 22.358. Notice Regarding Report
Section 22.359. Filing of Report
Section 22.360. Failure to File Report
Section 22.361. Notice of Forfeiture
Section 22.362. Effect of Forfeiture
Section 22.363. Revival of Right to Conduct Affairs
Section 22.364. Failure to Revive; Termination or Revocation