11.303 – FILING OF ACTION BY ATTORNEY GENERAL. The
Texas Business Organizations Code § 11.303
Summary
This law allows the Texas Attorney General to initiate legal action to terminate a filing entity's existence if it fails to resolve specified issues within 31 days of receiving notice. It primarily affects business entities that do not comply with regulatory requirements.
Attorney General can seek termination of non-compliant entities.
Entities have 31 days to address issues after receiving notice.
Involuntary winding up can occur if cause is determined.
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In simple terms: Learn about Texas's FILING OF ACTION BY ATTORNEY GENERAL. The law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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