Federal Crude Oil Company v. Yount-Lee Oil Company.

Summary

The Texas Supreme Court answered two certified questions, holding that payment of delinquent franchise taxes and issuance of a revival certificate restored Federal Crude Oil Company's right to do business and to maintain its suit, but that the corporation could not maintain the suit on the basis of having acquired the land while it was in good standing. The Court based its decision on a construction of the franchise tax statutes as directory and on longstanding administrative practice.