Texas Statutes
§ 337.015 — LIMITATION ON CORPORATE PURPOSES.
Texas § 337.015
JurisdictionTexas
Code LGLocal Government Code
This text of Texas § 337.015 (LIMITATION ON CORPORATE PURPOSES.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Local Government Code Code Ann. § 337.015 (2026).
Text
Sec. 337.015. LIMITATION ON CORPORATE PURPOSES.
(a)A municipality or county that creates a corporation may limit the corporation's purposes in the proceedings directing the creation of the corporation by prohibiting the corporation from financing particular types of cultural facilities, including a cultural facility to be used for a purpose specified in the proceedings.
(b)As a condition of providing financing, a corporation may restrict a person receiving financing from using a cultural facility for a particular purpose.
(c)A restriction imposed by a municipality or county on a corporation may be enforced by the governing body of the sponsoring entity by injunction or mandamus.
(d)A violation of a restriction by a corporation may not impair the validity of an obligation incurred by th
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Legislative History
Added by Acts 2017, 85th Leg., R.S., Ch. 324 (S.B. 1488 ), Sec. 20.004(a), eff. September 1, 2017.
Nearby Sections
10
§ 337.001
SHORT TITLE.§ 337.002
LEGISLATIVE FINDINGS.§ 337.003
CONSTRUCTION.§ 337.004
DEFINITIONS.§ 337.005
ADOPTION OF ALTERNATE PROCEDURE.§ 337.011
AUTHORITY TO CREATE.§ 337.012
GENERAL POWERS.§ 337.013
SCOPE OF AUTHORITY.§ 337.014
LIMITATION ON AUTHORITY.§ 337.015
LIMITATION ON CORPORATE PURPOSES.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 337.015, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/LG/337.015.