Texas Statutes (Last Updated: January 4, 2014) |
BUSINESS ORGANIZATIONS CODE |
Title 4. PARTNERSHIPS |
Chapter 153. LIMITED PARTNERSHIPS |
Subchapter G. REPORTS |
Sec. 153.310. REVIVAL OF RIGHT TO TRANSACT BUSINESS
Latest version.
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(a) A limited partnership that forfeits the right to transact business in this state as provided by Section 153.309 may be relieved from the forfeiture by filing the required report not later than the 120th day after the date of mailing of the notice of forfeiture under Section 153.308, accompanied by the filing fees as provided by Chapter 4.
(b) If a limited partnership complies with Subsection (a), the secretary of state shall:
(1) revive the right of the limited partnership to transact business in this state;
(2) cancel the note regarding the forfeiture; and
(3) note the revival and the date of revival on the record kept in the secretary's office relating to the limited partnership.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.