Tex. Civ. Prac. & Rem. Code § 64.075

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 64.075 - Forfeiture of Charter for Unqualified Receiver

If a person who is not a citizen and qualified voter of this state is appointed receiver for a domestic corporation that owns property in this state, the corporation forfeits its charter. The attorney general shall immediately bring suit in the nature of quo warranto for forfeiture of the charter.

Tex. Civ. Prac. and Rem. Code § 64.075

Acts 1985, 69th Leg., ch. 959, Sec. 1, eff. 9/1/1985.