Sec. 64.075. FORFEITURE OF CHARTER FOR UNQUALIFIED RECEIVER. If a person who is not a citizen and qualified voter of this state is appointed receiver for a domestic corporation that owns property in this state, the corporation forfeits its charter. The attorney general shall immediately bring suit in the nature of quo warranto for forfeiture of the charter.
Acts 1985, 69th Leg., ch. 959, Sec. 1, eff. Sept. 1, 1985.
Structure Texas Statutes
Civil Practice and Remedies Code
Title 3 - Extraordinary Remedies
Subchapter E. Provisions Relating to Receivership of Corporations
Section 64.071. Venue for Appointment
Section 64.072. Limited Duration
Section 64.0721. Termination of Railroad Receivership
Section 64.073. Earnings on Improved Property Liable for Debts
Section 64.074. Claims Preference Against Current Earnings
Section 64.075. Forfeiture of Charter for Unqualified Receiver
Section 64.076. Suits Against Railroad Receiver: Venue and Service