GENERAL PROHIBITED PURPOSES.
Tex. BUS. ORGS Code § 2.003.
in effectA domestic entity may not:
(1) engage in a business or activity that:
(A) is expressly unlawful or prohibited by a law of this state; or
(B) cannot lawfully be engaged in by that entity under state law; or
(2) operate as a:
(A) bank;
(B) trust company;
(C) savings association;
(D) insurance company;
(E) cemetery organization, except as authorized by Chapter 711 , 712 , or 715 , Health and Safety Code; or
(F) abstract or title company governed by Title 11, Insurance Code.
Acts 2009, 81st Leg., R.S., Ch. 84 (S.B. 1442 ), Sec. 2, eff. September 1, 2009.