Sec. 501.405. EFFECT OF ISSUANCE OF CERTIFICATE EVIDENCING FILING OF CERTIFICATE OF TERMINATION. The corporate existence ends on the issuance of the certificate evidencing the filing of the certificate of termination except for the purpose of:
(1) any suit or other proceeding; and
(2) appropriate corporate action by a director or officer under this subtitle.
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