Definition of heir. 1  1 : one who receives property from an ancestor : one who is entitled to inherit property was her father's sole heir. 2  2 : one who inherits or is entitled to succeed to a hereditary rank, title, or office heir to the throne.
A charge will be void unless it is registered within 21 days and, as a consequence, will be void against a liquidator, administrator or any creditor of the Company. The petitioners were therefore left unsecured unless the court allowed them to register their charges late.
Time Frame. Franchise tax forms are due, for Texas-based companies, no later than one year and 90 days following the date the company is registered with the state. Companies that are not based in Texas but do conduct business in Texas must file their franchise tax forms within one year and 90 days after the first date of business in the state. Companies that became liable for franchise tax after Oct. 4, 2009 were required to file a first annual report by May 17, 2010.