Texas Business Organizations Code
Sec. § 4.056
Failure to File Statement


(a)

If the filing instrument is to take effect on or after the occurrence of a future event or fact in accordance with Section 4.053 (Conditions for Delayed Effectiveness)(a)(2) and the statement required by Section 4.055 (Statement of Event or Fact) is not filed before the expiration of the prescribed time, the filing instrument does not take effect. This section does not preclude the filing of a subsequent filing instrument required by this code to make the action or transaction evidenced by the original filing instrument effective.

(b)

If the filing instrument is to take effect on or after the occurrence of a future event or fact and the specified event or fact does not occur and is not waived, the parties to the filing instrument must sign and file a certificate of abandonment as provided by Section 4.057 (Abandonment Before Effectiveness).
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 688 (H.B. 1737), Sec. 16, eff. September 1, 2007.
Acts 2019, 86th Leg., R.S., Ch. 658 (S.B. 1859), Sec. 4, eff. September 1, 2019.
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Last accessed
Aug. 8, 2020