153.311 – TERMINATION OF CERTIFICATE OR REVOCATION OF
Texas Business Organizations Code § 153.311
Summary
This law allows the Secretary of State to terminate the certificate of formation for domestic limited partnerships or revoke the registration of foreign limited partnerships if they forfeit their right to do business in Texas and do not revive that right. It primarily affects limited partnerships operating in Texas that fail to comply with business regulations.
Applies to domestic and foreign limited partnerships.
Termination occurs after forfeiture and failure to revive rights.
Enforced by the Secretary of State.
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In simple terms: Learn about Texas's TERMINATION OF CERTIFICATE OR REVOCATION OF 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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