Texas Transportation Code

§ 431.027 — EFFECT OF ISSUANCE OF CERTIFICATE OF INCORPORATION

TN § 431.027Title 6. ROADWAYS · Part I. TRANSPORTATION CORPORATIONS · Ch. 431. TEXAS TRANSPORTATION CORPORATION ACT · Art. B. CREATION AND OPERATION OF CORPORATION

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(a)A corporation's existence begins when its certificate of incorporation is issued.

(b)After the issuance of the certificate of incorporation, the incorporation may not be contested for any reason.

(c)A certificate of incorporation is conclusive evidence that:

(1)all conditions for incorporation required of the incorporators and the commission are satisfied; and

(2)the corporation is incorporated under this chapter.

Legislative history

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.