Texas Business Organizations Code - Section 2.003. General Prohibited Purposes
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§ 2.003. GENERAL PROHIBITED PURPOSES. A domestic entity
may not:
(1) engage in a business or activity that:
(A) is expressly unlawful or prohibited by a law
of this state;
(B) cannot lawfully be engaged in by that entity
under state law; or
(C) may not be engaged in by an entity without
first obtaining a license under the laws of this state to engage in
that business or activity and a license cannot lawfully be granted
to the entity; or
(2) operate as a:
(A) bank;
(B) trust company;
(C) savings association;
(D) insurance company;
(E) railroad company;
(F) cemetery organization; or
(G) abstract or title company governed by Title
11, Insurance Code.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006. Amended by
Acts 2005, 79th Leg., ch. 728, § 11.103, eff. Jan. 1, 2006.
Section: 1.102 1.103 1.104 1.105 1.106 2.001 2.002 2.003 2.004 2.005 2.006 2.007 2.008 2.009 2.010
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Last modified: August 10, 2007
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