Vernon's Annotated Texas Civil Statutes

Article 1396-8.15. Foreign Corporations — Revocation Of Certificate Of Authority

Art. 1396-8.12 expired Jan. 1, 2010, pursuant to Vernon’s Ann.Civ.St. art. 1396-11.02. See Business Organizations code sec. 9.151.

http://www.statutes.legis.state.tx.us/Docs/CV/htm/CV.32.9.htm#1396-8.15

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Note(s) Regarding This Legislation:

Prior language:

(F) When a foreign corporation 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 corporation, the Attorney General may file an action to revoke the certificate of authority of the foreign corporation to conduct affairs in this state in a district court of the county in which the registered office of the foreign corporation in this state is situated or in a district court of Travis County. The court may revoke the foreign corporation's certificate of authority if it is established that:

(1) The foreign corporation, or a high managerial agent acting in behalf of the foreign corporation, 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.