Terms Used In Texas Business Organizations Code 2.003

A 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.