Tex. Bus. Org. Code § 2.003

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 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; or

(B) cannot lawfully be engaged in by that entity under state law; or

(2) operate as a:

(A) bank;

(B) trust company;

(C) savings association;

(D) insurance company;

(E) cemetery organization, except as authorized by Chapter 711, 712, or 715, Health and Safety Code; or

(F) abstract or title company governed by Title 11, Insurance Code.

Tex. Bus. Org. Code § 2.003

Amended by Acts 2009, 81st Leg., R.S., Ch. 84, Sec. 2, eff. 9/1/2009.

Amended by Acts 2007, 80th Leg., R.S., Ch. 688, Sec. 4, eff. 9/1/2007.

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.

Amended by Acts 2005, 79th Leg., Ch. 728, Sec. 11.103, eff. 1/1/2006.