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Tex. Finance Code § 342.157

CORPORATE CHARTER FORFEITURE

Texas · Texas Finance Code · Status: effective

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Tex. Finance Code § 342.157, CORPORATE CHARTER FORFEITURE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/647232
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(a) A license holder who violates this chapter is subject to revocation of the holder's license and, if the license holder is a corporation, forfeiture of its charter. (b) When the attorney general is notified of a violation of this chapter and revocation of a license, the attorney general shall file suit in a district court in Travis County, if the license holder is a corporation, for forfeiture of the license holder's charter.