Friday, July 25, 2008

TBOC 2.007 -> would the bar examiners dare do this again?

I've now seen this twice in the last eight years for the "no slaughterhourse corp" rule. I wonder if they will do a "no production and pipeline corp" rule

Texas Business Organizations Code
Title 1. General Provisions - Chapter 2. Purposes and Power of Domestic Entity - Subchapter A. Purposes of Domestic Entity - § 2.007. Additional Prohibited Activities of For-profit Corporation



A for-profit corporation may not:



(1) operate a cooperative association, limited cooperative association, or labor union;


(2) transact a combination of the businesses of:



(A) raising cattle and owning land for the raising of cattle, other than operating and owning feedlots and feeding cattle; and


(B) operating stockyards and slaughtering, refrigerating, canning, curing, or packing meat;



(3) engage in a combination of:



(A) the petroleum oil producing business in this state; and


(B) the oil pipeline business in this state other than through stock ownership in a for-profit corporation engaged in the oil pipeline business and other than the ownership or operation of private pipelines in and about the corporation's refineries, fields, or stations; or



(4) engage in a business or activity that may not be engaged in by a for-profit corporation without first obtaining a license under the laws of this state and a license to engage in that business or activity cannot lawfully be granted to the corporation





It's the law, so I guess its fair game, but Jeesh!
"Too late or still too soon too soon to make lots of bad love and there's no time for sorrow. Run around, run around with a hole in your head 'til tomorrow."
-----They Might Be Giants