Texas SB2340 allows the attorney general to investigate filing entities and foreign filing entities, with penalties for non-compliance.

Texas SB2340 amends the Business Organizations Code to allow the attorney general to investigate the organization, conduct, and management of filing entities and foreign filing entities. The attorney general can require these entities to submit sworn statements or reports and examine individuals under oath. Non-compliance results in the forfeiture of business privileges in Texas. The bill also creates a criminal offense for actions like removing, concealing, or falsifying records to avoid compliance, with penalties including fines and jail time.

Texas SB2340 allows the attorney general to investigate filing entities and foreign filing entities, with penalties for non-compliance.

Texas SB2340 amends the Business Organizations Code to allow the attorney general to investigate the organization, conduct, and management of filing entities and foreign filing entities. The attorney general can require these entities to submit sworn statements or reports and examine individuals under oath. Non-compliance results in the forfeiture of business privileges in Texas. The bill also creates a criminal offense for actions like removing, concealing, or falsifying records to avoid compliance, with penalties including fines and jail time.