Tex. Transp. Code § 131.035

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

Section 131.035 - Limitation on Acquisition

A corporation described by this subchapter may not:

(1) acquire, own, control, or operate a parallel or competing interurban line; or

(2) purchase, lease, acquire, own, or control, directly or indirectly, the shares or certificates of stock or bonds, a franchise or other right, or the physical property or any part of the property, of any corporation in violation of the law commonly known as the antitrust law.

Tex. Transp. Code § 131.035

Added by Acts 2009, 81st Leg., R.S., Ch. 85 (S.B. 1540), Sec. 2.03, eff. April 1, 2011.