Untitled Texas Attorney General Opinion

29 OFFICE OF THE Al-l-ORNEY GENERAL OF T’EXAG AUSTIN Ronorobls 2llLiac1J. Lawson B6oretax-yof state Awtin, Texae Dear Sir: Attention8 Xr. Will Haan Riohardson Opinion No. o-4005 Rar Dose Artiole 1315, Vernon's Arrnotated Olrll Statutes, allow the revival 0r suoh a OOrpoSaDion ae-the %n~&~s Chrletlan Tempsranoe Union of the State of Texas" after five gears ha6 elaplledalma tha oharter expfrad, and related queetlons? Your letter of reoent dab.3re~uestidg;& oplalnion of this D6pWtiBsnt on the pwationa stated therein reaQ6 b Ipart as follevia: "We llreenolosln~ the orfginul oh-r of ~~,?W~JIEBJI'IJ Qhristfan Teqeranos Union of the state of TezmP. You ~111 note that the oharter was granted on Auguetc4, 1084, for a period of 50 years. The 50 year period expired on August 4, 19%. The corporation now riehes to revive its ohartar in aooordanoo with the.prorlsione of ArtlcS;i1.815. That artlole provide8 that a oorporrtion 'leaprevive its oharter with all tha privlloges and inmualtisa and right8 of property, reel and personal, exsroleed an4 he>d by it at the date of t'Yeexgiratlbn oftite said oharter, by filing, with tho oonsent of a majority of its stooicholclers, a new oharter*. Tou will note tkxt the purpose of this oosporation ia for 'the euppresaion of the trefiio of intoxioatlng liquora in Taxaa and for suob Other purposss ea the Woina.n*e Chrietian Tempercmoe~Unionmay bee proger to adopt or oarry out for the good of the sooiety'. Honorable Willlm J. Law8on, page 8 "The plaos of businesr of.ths oorporation I8 given at Denton, Tsxa6, with the provision that bu8inee8 map be transaotsd at other plaoss as may fx~m tima to time be designated by the dlraotors. The prsssnt ooqmratlon has always held that tha prlnolpal place of businsse of the corporation was in the horn of the president for eaoh year, thus tha prinolpal plaoe or business ohangea with the aleotlon of a naw prssident, =A number OS queetlons arl8e In this oonnaotlont "1. Doea Artlole 131!3allow the revival OS ruoh a oorporation art8r.five yeare have elapsed sinoe tW oharter expired? “8. IS suoh Is the ease, xay the oorpbratlon usa tha 8a1w pWpO8a as 8tated In its original ohartar, or must it bring its purpoaa within 80~ eubdivlsion of the pra8ent act? "3. fi[uclt II. pXilIOipd.+08 of buaineu8 b8 statad, or 089 the prinolpal plao8 of bualnees be all,ou8dby the oharter eaoh peer with the rlsotlon of a new pr8sidsnt? -4. ff the ohart8r oan ba r8rlvad, will a majoritp or the member8 br 8uffloIsnt where thars are no 8toakbolders avan tkough the 8tatuteB 8paOifiOally mention 8tookholdw8.a Artlole 1318, Vernon'8 motated Clvll Statutes, pro- tld.8; *OorporatIonm oreate for the support of b8navolent, charitable, sduoational or aie8ionary un66rtaking8, the support of any literary or seientifio undertakin$, the aalntenanoe of a library.or the promotion of pa ntIn& music or other fine arts, whose oharter baa rffp ixed by liraitatlon may revive its ohartsr with all of the prirl- leg68 and hwnun$blesand rights of property, real and personal, areroia#l and held by it at thendate of the expiration of lte said oharter, by filing, wltt~the oonsent of the majority of ite stookholdera, a naw Ohmtar undm the grovleiomi of thie oh8pter, reoiting therein euoh original privilegee and iranunitIeeand rights of property and by filing therewith a.asrtified oopy Of nuoh original expired 04arter.n Honorable Willlfm J. LeVsOIi,>ago 9 Article 1387, Verncn's knnotated Civil Statuter, provides in part: *A corporation is dlcsolved: (1) By the explratloa of the time linited in i.tsoharter. ~. .* It is otrteE in Thompson *On Corporations*, Thlr6 Edition, Volume 8, page 599n "A OOrpCrnticnie diaeclved 1~60 f&o and lt8 DoWeir -esa corporate entity ceaabs on the expiration of th8 period of time stated in the ohartbr or governing rtiatut8. It is dead in law and its exietenoe a6 a ooqoratioa oan only be eontimed thereafter by lrgl8latlro aetlon . . .* It 18 further stat& in Thompron *On~Corporatloh8n, I& the above zeationed voluz6 on page 584t WLiterally ap8aklag, the 4lesalutlon at the gorplvtLon lrrit8 18gaI death. In other texm8, the dl88oIu$ion of tha oorporatlon is such a termlhatlon 0r the entity as 8nd8 lte~oapaoitg to aot as a oorporate body." Althotyh~oorporatlons are 61880lved 1980 faoto and. their power as oorporat* eqtltlea 08a888 on the eqplntlon 0r the period,& tldubstate& ln Uulr oharter8, apparently ArtiOlb 1315, Bupra, authorizes U$ 8mpower8 thO8e Oor@~tioIlll areated for the support of benev6Uut, oharltablo, 8duOatlonaI or missionary eta,, un(Lertaklng8to revive their ohartem whan they have expkl by liai.tetlon, with all tha prtvil 88* i!B@@- tier aad.rights of property, real a& personal, Y rod ana 8xero held by themaat the Bate of the expiration.of tholr Oharter8~ A8 16 unaeretand the rim qu84btionpresenwd In your inqtagrywei do not bare the puestion of renewal or aamndaunt 0r a o$lrtb but the revival,of the 8aae aftat it he8 explrdl by Ilzlltatba, az authorize& by Artiole 1315, BU x%* It ~111 bs noted tWt this stetute m&ion8 ho time in w f: loh ths reYlvaL of the ohatier is to,be made. Therefore, we answ~wor your rlret qubetion &Pi&e 8ffirmtlve. -. - 32 ~lionorabls Wllllnn J. Lmmon, peg. 4 With referanoe to your sieoond queetiokit will be noted that the pWpo@e Ole~ee of the oharter of the above nsmeb oorporstlon is "this cormration Is benevolent, and the purpoee for whioh it is formed, Is the su#?resaion of the traffic of lntorioating liquors in Texas, and ror suoh other purposes a8 the H'omantsChristian Temperanao bunion may (108propor to adopt, or oarry out for the good of sooietp. It 10 our oplnfoa that the oorporation must use tha mae purposeolauae al stat68 in its original o&artrr. we do not think the Legislature oontemplated that a obange OS the purpot~ealause oould be aade by the ma&al a? the ol.d ahartor, or any nm and acJditkona1powers or prloilogarwere to be granted or obtained, but by the rwvira2 af the old oharter, rhioh had expired by lmtationp, when raoired, under tho pro- rioSona of Art1010 1313, the oorporatlon notid possess tm 886~ powers, rights and privllepr as it pos~sered under its old ohartor. In answerto your third question, it la out oplnlon ;eEa;he oorporation's prinoipaL plao! of busln~s must be Ax-Mole 1304, Vornon~s Anaotatod 01~11 gtatutea, tiumer~ter the information jrhia Stustbs oontained In a oharter * 0r a private corporation. Among:&uoh requiTezLanteia round srotion.3 thereof; which readsr *The plaoe or @aoer where lts,busineas 18 to be tranaaoted.n (Also am the ohrr of!Sanders v, Farmera.'Stats Bank, 338 8. We. 635, and the oass or Pittsburg,Water Heator Company v. Bullivan, t&3 s. w. 576) see our opinion fo. 0-249e, a oopy of whioh is anolosed hemwI.th. With refermoe to your fourth question, it will be noted, that the above nadncOcorsrhtion is a non-etook 00mpany and tht there are no stookholder6. Where them is no oapital etook end no stockholders, an0 the oorgoration is a non-stook oornpanyas ebove inentioned,we think that the ooneent of 0 majority of the uambere rlLl be euffioiont to authorise~ the revival of the oharter of the above mentioned oorporation in oomplianos with Article 1315, supra, even thou& said artlale speoiflcelly mntions stockholder.!+. Honoi'ableWllliau,J. Laweon, page 5 Ve am returning herewith the original ohartsr. Trusting tkt the loregoing tally anawer8 your inquiry, we 82-e Your0 very truly ATTO.RN%Y GFBEFWL red911 WillIama Aeslstnnt