Texas Statutes (Last Updated: January 4, 2014) |
TRANSPORTATION CODE |
Title 6. ROADWAYS |
Subtitle I. TRANSPORTATION CORPORATIONS |
Chapter 431. TEXAS TRANSPORTATION CORPORATION ACT |
Subchapter B. CREATION AND OPERATION OF CORPORATION |
Sec. 431.027. EFFECT OF ISSUANCE OF CERTIFICATE OF INCORPORATION
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(a) A corporation's existence begins when its certificate of incorporation is issued.
(b) After the issuance of the certificate of incorporation, the incorporation may not be contested for any reason.
(c) A certificate of incorporation is conclusive evidence that:
(1) all conditions for incorporation required of the incorporators and the commission are satisfied; and
(2) the corporation is incorporated under this chapter.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.