Tex. Transp. Code § 131.035 · Subchapter C. MERGER OF INTERURBAN RAILWAY
LIMITATION ON ACQUISITION.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
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.
Notes and commentary — not statutory text
History
Added by Acts 2009, 81st Leg., R.S., Ch. 85 (S.B. 1540), Sec. 2.03, eff. April 1, 2011.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TN/htm/TN.131.htm
- Text hash
- sha256 ee3dfd545aa5fa39293ed2b1274b468d363123555e111cb79b27c31cc8f557d8
- 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.