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TX HB4716
Bill
Status
3/12/2025
Primary Sponsor
Andy Hopper
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AI Summary
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Expands grounds for court-ordered dissolution of business entities to include civil liability for felony conduct (proven by preponderance of evidence in attorney general action), not just criminal felony convictions
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Authorizes the attorney general to interview witnesses and gather evidence when investigating notices received under Section 11.302 regarding filing entities and foreign filing entities
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Allows entities to file suit for injunctive relief or declaratory judgment to contest investigative actions brought by the attorney general
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Removes the word "felonious" from requirements, allowing dissolution when an entity has engaged in a "persistent course of the conduct" rather than specifically "felonious conduct"
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Repeals Section 11.301(b) of the Business Organizations Code and takes effect September 1, 2025
Legislative Description
Relating to the authority of filing and foreign filing entities to transact business in this state and the authority of the attorney general to investigate those entities.
Crimes
Last Action
Referred to Trade, Workforce & Economic Development
4/3/2025