{"data":{"id":"us-tx/tex.-business-organizations-code-2.003","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 2.003","heading":"GENERAL PROHIBITED PURPOSES.","body":"A domestic entity may not:\n(1) engage in a business or activity that:\n(A) is expressly unlawful or prohibited by a law of this state; or\n(B) cannot lawfully be engaged in by that entity under state law; or\n(2) operate as a:\n(A) bank;\n(B) trust company;\n(C) savings association;\n(D) insurance company;\n(E) cemetery organization, except as authorized by Chapter 711, 712, or 715, Health and Safety Code; or\n(F) abstract or title company governed by Title 11, Insurance Code.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.\nAmended by:\nActs 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 11.103, eff. January 1, 2006.\nActs 2007, 80th Leg., R.S., Ch. 688 (H.B. 1737), Sec. 4, eff. September 1, 2007.\nActs 2009, 81st Leg., R.S., Ch. 84 (S.B. 1442), Sec. 2, eff. September 1, 2009.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 1. GENERAL PROVISIONS","CHAPTER 2. PURPOSES AND POWER OF DOMESTIC ENTITY","SUBCHAPTER A. PURPOSES OF DOMESTIC ENTITY"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.2.htm#2.003","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"c69c29003d9092ff2682747583b23dc7543f143ca52d1677919d1d00fd5e7ea7","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-2.002","next":"us-tx/tex.-business-organizations-code-2.004"},"notice":"GroundRules: Original legal text. Not legal advice."}