{"data":{"id":"us-tx/tex.-business-organizations-code-2.007","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 2.007","heading":"ADDITIONAL PROHIBITED ACTIVITIES OF FOR-PROFIT CORPORATION.","body":"A for-profit corporation may not:\n(1) operate a cooperative association, limited cooperative association, or labor union;\n(2) transact a combination of the businesses of:\n(A) raising cattle and owning land for the raising of cattle, other than operating and owning feedlots and feeding cattle; and\n(B) operating stockyards and slaughtering, refrigerating, canning, curing, or packing meat;\n(3) engage in a combination of:\n(A) the petroleum oil producing business in this state; and\n(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\n(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.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.\nAmended by:\nActs 2007, 80th Leg., R.S., Ch. 688 (H.B. 1737), Sec. 5, eff. September 1, 2007.","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#2.007","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"04488f9679dec82660b3e01581595f2dace7847b46c46f6580da20b7b682809b","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-2.005","next":"us-tx/tex.-business-organizations-code-2.008"},"notice":"GroundRules: Original legal text. Not legal advice."}