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Texas Tax Code 171.252 - Effects of Forfeiture

Texas Codes > Tax Code > Title 2 > Subtitle F > Chapter 171 > Subchapter F > 171.252
Current as of: 2011

If the corporate privileges of a corporation are forfeited under this subchapter:

(1) the corporation shall be denied the right to sue or defend in a court of this state; and

(2) each director or officer of the corporation is liable for a debt of the corporation as provided by Section 171.255 of this code.

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See also:

Texas Tax Code > Title 2 > Subtitle F - Franchise Tax
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