Tex. Civ. Practice & Remedies Code Section 64.075
Forfeiture of Charter for Unqualified Receiver

If a person who is not a citizen and qualified voter of this state is appointed receiver for a domestic corporation that owns property in this state, the corporation forfeits its charter. The attorney general shall immediately bring suit in the nature of quo warranto for forfeiture of the charter.

Acts 1985, 69th Leg., ch. 959, Sec. 1, eff. Sept. 1, 1985.

Source: Section 64.075 — Forfeiture of Charter for Unqualified Receiver, https://statutes.capitol.texas.gov/Docs/CP/htm/CP.64.htm#64.075 (accessed Apr. 29, 2024).

64.001
Availability of Remedy 64.002
Persons Not Entitled to Appointment 64.003
Foreign Appointment 64.004
Application of Equity Rules 64.021
Qualifications 64.022
Oath 64.023
Bond 64.031
General Powers and Duties 64.032
Inventory 64.033
Suits by Receiver 64.034
Investments, Loans, and Contributions of Funds 64.035
Deposit of Certain Railroad Funds 64.036
Receivership Property Held by Financial Institution 64.051
Application of Funds 64.052
Suits Against Receiver 64.053
Payment of Judgment Against Receiver 64.054
Judgment Lien 64.055
Execution on Judgment 64.056
Liability of Persons Receiving Receivership Property 64.071
Venue for Appointment 64.072
Limited Duration 64.073
Earnings on Improved Property Liable for Debts 64.074
Claims Preference Against Current Earnings 64.075
Forfeiture of Charter for Unqualified Receiver 64.076
Suits Against Railroad Receiver: Venue and Service 64.091
Receiver for Mineral Interests Owned by Nonresident or Absentee 64.092
Receiver for Contingent Interests in Minerals 64.093
Receiver for Royalty Interests Owned by Nonresident or Absentee 64.101
Notice and Citation for Receivership for Certain Missing Persons 64.102
Proceeding to Appoint Receiver 64.103
Bond 64.104
Expenditures by Receiver 64.105
Receiver’s Expenses, Account, and Compensation 64.106
Closing Receivership 64.107
Action of Court 64.108
Recordation of Proceedings 64.0721
Termination of Railroad Receivership

Accessed:
Apr. 29, 2024

§ 64.075’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._civ._practice_and_remedies_code_section_64.075

Original Source: Section 64.075 — Forfeiture of Charter for Unqualified Receiver, https://statutes.capitol.texas.gov/Docs/CP/htm/CP.64.htm#64.075 (last accessed Apr. 29, 2024).