Directors and Officers May Be Liable for Corporate Debts in the Event of Forfeiture of Corporate Privileges for Tax Violations

Date

2014

Authors

Parker, Emily A.
Outenreath, Alyson

Journal Title

Journal ISSN

Volume Title

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Abstract

Upon the occurrence of several specified tax violation events, the Texas Comptroller of Public Accounts may forfeit the corporate privileges of a corporation. Directors and officers of the corporation have personal liability for certain debts incurred after the forfeiture of corporate privileges for the corporation, however, there are exceptions to this rule.

Description

Keywords

corporate debts, tax violations, corporate privileges, Texas, Texas Comptroller of Public Accounts, directors and officers, director and officer personal liability

Citation

Emily A. Parker & Alyson Outenreath, Directors and Officers May Be Liable for Corporate Debts in the Event of Forfeiture of Corporate Privileges for Tax Violations, Lexis TX Tax P.I. 1,288 (2014).