The digital content on TLO has been updated to align with the accessibility standards required by WCAG 2.1.
Amend CSHB 1165 by adding the following appropriately
numbered SECTION and renumbering subsequent SECTIONS accordingly:
SECTION _____. Part Six, Texas Business Corporation Act, is
amended by adding Article 6.08 to read as follows:
Art. 6.08. 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.