Tex. Bus. Orgs. Code Section 2.007
Additional Prohibited Activities of For-profit Corporation

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.
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: Section 2.007 — Additional Prohibited Activities of For-profit Corporation, https://statutes.­capitol.­texas.­gov/Docs/BO/htm/BO.­2.­htm#2.­007 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 2.007’s source at texas​.gov