Rowan Oil Co. v. Texas Employment Commission

This is a suit for refund of contributions paid the Texas *609Employment Commission under Art. 5221b, V.A.C.S. Because of limitations upon the charter powers of a corporation doing business in Texas, the Rowan Drilling Company was reorganized into Rowan Oil Co. and the Rowan Drilling Company, Inc. There seems to be no dispute that the two new companies will continue substantially the same operations as the old company conducted with the same employees doing the same jobs under the same ownership. The practical effect of the reorganization is to eliminate possible ultra vires acts. The Texas…