§ 11.201 — CONDITIONS FOR REINSTATEMENT.

Texas § 11.201

• Jurisdiction: Texas
• Code BO: Business Organizations Code

Text

Sec. 11.201. CONDITIONS FOR REINSTATEMENT. (a) A terminated entity may be reinstated under this subchapter if:
(1) the termination was by mistake or inadvertent;
(2) the termination occurred without the approval of the entity's governing persons when their approval is required by the title of this code governing the terminated entity;
(3) the process of winding up before termination had not been completed by the entity; or
(4) the legal existence of the entity is necessary to:
(A) convey or assign property;
(B) settle or release a claim or liability;
(C) take an action; or
(D) sign an instrument or agreement.
(b) A terminated entity may not be reinstated under this section if the termination occurred as a result of:
(1) an order of a court or the secretary of state;
(2) an event requiring winding up that is specified in the title of this code governing the terminated entity, if that title prohibits reinstatement; or
(3) forfeiture under the Tax Code.

Legislative History

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.