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Amend CSHB 1165 by adding the following appropriately
numbered SECTION and renumbering subsequent SECTIONS accordingly:
SECTION ._____ The Texas Non-Profit Corporation Act (Article
1396-1.01 et seq., Vernon's Texas Civil Statutes) is amended by
adding Article 6.07 to read as follows:
Art. 6.07. FRAUDULENT TERMINATION. A. Notwithstanding any
other provision of this Act, a court may order the revocation of
dissolution of a corporation that was dissolved as a result of
actual or constructive fraud. In an action under this Article, any
limitation period provided by law is tolled in accordance with the
discovery rule.
B. The Secretary of State shall take any action necessary to
implement an order under this Article.