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Texas Business Organizations Code - Section 2.113. Limitation On Powers

Legal Research Home > Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 2.113. Limitation On Powers

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§ 2.113. LIMITATION ON POWERS. (a) This subchapter does not authorize a domestic entity or a managerial official of a domestic entity to exercise a power in a manner inconsistent with a limitation on the purposes or powers of the entity contained in its governing documents, this code, or other law of this state. (b) This code does not authorize any action in violation of the antitrust laws of this state. Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.

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Last modified: August 11, 2007