Sec. 171.252. EFFECTS OF FORFEITURE    


Latest version.
  • If the corporate privileges of a corporation are forfeited under this subchapter:

    (1) the corporation shall be denied the right to sue or defend in a court of this state; and

    (2) each director or officer of the corporation is liable for a debt of the corporation as provided by Section 171.255 of this code.

Acts 1981, 67th Leg., p. 1704, ch. 389, Sec. 1, eff. Jan. 1, 1982.