Tex. Transportation Code § 131.035
This is the official text of Tex. Transportation Code § 131.035, part of Texas’s Transportation Code — governs vehicles, drivers, and roadways.
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§ 131.035. LIMITATION ON ACQUISITION.
Official statutory text
A corporation described by this subchapter may not:
(1) acquire, own, control, or operate a parallel or competing interurban line; or
(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.
(1) acquire, own, control, or operate a parallel or competing interurban line; or
(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.
Status: in_force · Read it on the official government site
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