LIMITATION ON ACQUISITION.

Tex. TRANSP Code § 131.035.
in effect
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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. Added by Acts 2009, 81st Leg., R.S., Ch. 85 (S.B. 1540 ), Sec. 2.03, eff. April 1, 2011. SUBCHAPTER D. PROVISION OF UTILITIES
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026

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Tex. TRANSP Code § 131.035. — LIMITATION ON ACQUISITION | Texas Statutes | Corpus