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.
Tex. Civ. Prac. & Rem. Code § 64.075
FORFEITURE OF CHARTER FOR UNQUALIFIED RECEIVER
Acts 1985, 69th Leg., ch. 959, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.