Texas Statutes
§ 12.257 — DISMISSAL OF ACTION.
Texas § 12.257
JurisdictionTexas
Code BOBusiness Organizations Code
This text of Texas § 12.257 (DISMISSAL OF ACTION.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Business Organizations Code Code Ann. § 12.257 (2026).
Text
Sec. 12.257. DISMISSAL OF ACTION.
(a)A suit authorized by Section 12.253 or 12.258 may not be filed or, if filed, shall be dismissed if the entity, through its owners or members, reduces its indebtedness so that it is not insolvent.
(b)The respondent shall pay the costs of a dismissed suit under this section.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Nearby Sections
15
§ 12.001
AUTHORITY OF SECRETARY OF STATE.§ 12.004
APPEALS FROM SECRETARY OF STATE.§ 12.152
REQUEST TO EXAMINE.§ 12.156
CRIMINAL PENALTY.§ 12.201
LIEN FOR LAW VIOLATIONS.§ 12.251
RECEIVER.§ 12.252
FORECLOSURE.§ 12.253
ACTION AGAINST INSOLVENT ENTITY.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 12.257, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/BO/12.257.