{"data":{"id":"us-tx/tex.-transportation-code-131.035","jurisdiction":"us-tx","citation":"Tex. Transportation Code § 131.035","heading":"LIMITATION ON ACQUISITION.","body":"A corporation described by this subchapter may not:\n(1) acquire, own, control, or operate a parallel or competing interurban line; or\n(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.\nAdded by Acts 2009, 81st Leg., R.S., Ch. 85 (S.B. 1540), Sec. 2.03, eff. April 1, 2011.","path":["TRANSPORTATION CODE","TITLE 5. RAILROADS","SUBTITLE D. MISCELLANEOUS RAILROADS","CHAPTER 131. MISCELLANEOUS RAILWAYS","SUBCHAPTER C. MERGER OF INTERURBAN RAILWAY"],"source_url":"https://statutes.capitol.texas.gov/Docs/TN/htm/TN.131.htm#131.035","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:44Z","sha256":"43af08f7f379e25ad00c0331fd3217cacbba0c45111c0cd42a913703adb303be","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-transportation-code-131.034","next":"us-tx/tex.-transportation-code-131.061"},"notice":"GroundRules: Original legal text. Not legal advice."}