Tex. Bus. Orgs. Code § 2.003 · Subchapter A. PURPOSES OF DOMESTIC ENTITY
GENERAL PROHIBITED PURPOSES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
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.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Amended by:
Acts 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 11.103, eff. January 1, 2006.
Acts 2007, 80th Leg., R.S., Ch. 688 (H.B. 1737), Sec. 4, eff. September 1, 2007.
Acts 2009, 81st Leg., R.S., Ch. 84 (S.B. 1442), Sec. 2, eff. September 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BO/htm/BO.2.htm
- Text hash
- sha256 ba7cfa92935d14df27db9b41b4ab9bf17b2551e5e92b6ed592d43fce8fde8a32
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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