Tex. Bus. Orgs. Code § 2.007 · Subchapter A. PURPOSES OF DOMESTIC ENTITY
ADDITIONAL PROHIBITED ACTIVITIES OF FOR-PROFIT CORPORATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A for-profit corporation may not:
(1) operate a cooperative association, limited cooperative association, or labor union;
(2) transact a combination of the businesses of:
(A) raising cattle and owning land for the raising of cattle, other than operating and owning feedlots and feeding cattle; and
(B) operating stockyards and slaughtering, refrigerating, canning, curing, or packing meat;
(3) engage in a combination of:
(A) the petroleum oil producing business in this state; and
(B) the oil pipeline business in this state other than through stock ownership in a for-profit corporation engaged in the oil pipeline business and other than the ownership or operation of private pipelines in and about the corporation's refineries, fields, or stations; or
(4) engage in a business or activity that may not be engaged in by a for-profit corporation without first obtaining a license under the laws of this state and a license to engage in that business or activity cannot lawfully be granted to the corporation.
Notes and commentary — not statutory text
History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 688 (H.B. 1737), Sec. 5, eff. September 1, 2007.
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 7a8b1186ad49f34008ad7a6601202ecf409140aca420344da00aeba3a7bd4e55
- 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
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.