Tex. Business Organizations Code § 2.113
This is the official text of Tex. Business Organizations Code § 2.113, part of Texas’s Business Organizations Code — governs the formation and operation of corporations, LLCs, and partnerships.
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§ 2.113. LIMITATION ON POWERS.
Official statutory text
(a) This subchapter does not authorize a domestic entity or a managerial official of a domestic entity to exercise a power in a manner inconsistent with a limitation on the purposes or powers of the entity contained in its governing documents, this code, or other law of this state.
(b) This code does not authorize any action in violation of the antitrust laws of this state.
(b) This code does not authorize any action in violation of the antitrust laws of this state.
Status: in_force · Read it on the official government site
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