§9.151. Foreign Entities — Revocation Of Registration By Court Action

(5) public interest requires revocation because:

(A) the entity has been convicted of a felony or a high managerial agent of the entity has been convicted of a felony committed in the conduct of the entity's affairs;
(B) the entity or the high managerial agent has engaged in a persistent course of felonious conduct; and
(C) revocation is necessary to prevent future felonious conduct of the same character.

http://www.statutes.legis.state.tx.us/Docs/BO/htm/BO.9.htm#9.151

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Other Note(s):

Former law:  Vernon's Ann. Texas Civ. St. Art. 1528n Art. 7.11 Sec. F: The Texas Limited Liability Company Act expired by its own terms Jan. 1, 2010.

Former language: Sec. F. When a foreign limited liability company is convicted of a felony, or when a high managerial agent is convicted of a felony committed in the conduct of the affairs of the foreign limited liability company, the Attorney General may file an action to revoke the certificate of authority of the foreign limited liability company to transact business in this State in a district court of the county in which the registered office of the foreign limited liability company in this State is situated or in a district court of Travis County. The court may revoke the foreign limited liability company's certificate of authority if it is established that:

(1) The foreign limited liability company, or a high managerial agent acting in behalf of the foreign limited liability company has engaged in a persistent course of felonious conduct; and
(2) To prevent future felonious conduct of the same character, the public interest requires such revocation.