Sec. 501.404. DELIVERY AND FILING OF CERTIFICATE OF TERMINATION. (a) Three originals of the certificate of termination shall be delivered to the secretary of state.
(b) If the secretary of state determines that the certificate of termination conforms to this subtitle and on receipt of a $25 fee, the secretary of state shall:
(1) endorse the word "Filed" and the date of the filing on each original of the certificate of termination;
(2) file one of the original certificates of termination in the secretary of state's office;
(3) issue two certificates evidencing the filing of the certificate of termination;
(4) attach to each certificate evidencing the filing of the certificate of termination an original of the certificate of termination; and
(5) deliver a certificate evidencing the filing of the certificate of termination and the attached certificate of termination to:
(A) the representative of the terminated corporation; and
(B) the governing body of the terminated corporation's authorizing unit.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.
Structure Texas Statutes
Title 12 - Planning and Development
Chapter 501 - Provisions Governing Development Corporations
Subchapter I. Alteration or Termination of Corporation
Section 501.401. Alteration or Termination by Authorizing Unit
Section 501.402. Termination of Corporation on Completion of Purpose
Section 501.403. Execution of Certificate of Termination
Section 501.404. Delivery and Filing of Certificate of Termination
Section 501.405. Effect of Issuance of Certificate Evidencing Filing of Certificate of Termination
Section 501.406. Assets on Termination
Section 501.407. Termination With Transfer of Assets to Type a Corporation