Texas Tax Code 171.311 – Record of Forfeiture by Secretary of State
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Terms Used In Texas Tax Code 171.311
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
The secretary of state shall effect a forfeiture of a corporation‘s charter or certificate of authority under this chapter by inscribing on the corporation’s record in the secretary’s office the words “Charter Forfeited” or “Certificate Forfeited,” the date on which this inscription is made, and a citation to this chapter as authority for the forfeiture.