Texas § GV.2270.0124 - SCRUTINIZED COMPANIES IN COUNTRIES OF CONCERN
Full text of Texas The Texas Constitution § GV.2270.0124 — SCRUTINIZED COMPANIES IN COUNTRIES OF CONCERN, with citation guidance and answers to common questions.
§ GV.2270.0124. SCRUTINIZED COMPANIES IN COUNTRIES OF CONCERN
SCRUTINIZED COMPANIES IN COUNTRIES OF CONCERN. (a) Except as provided by Subsection (b), a company is a scrutinized company if: (1) the company is organized under the laws of, is headquartered in, or has its principal place of business in the territory of a country of concern; (2) the company is controlled by a country of concern, the government of a country of concern, the ruling political party of a country of concern, or the military of a country of concern; or (3) the majority of stock or other ownership interest of the company is held or controlled by a country of concern or individuals who are citizens of a country of concern. (b) A scrutinized company does not include a company that: (1) is a U.S. person, as defined by 15 C.F.R. Section 772.1; or (2) receives not more than 50 percent of its total annual global revenue from a country of concern, regardless of whether it has one or more subsidiaries or affiliates that are companies described by Subsection (a). Added by Acts 2025, 89th Leg., R.S., Ch. 362 (H.B. 34 ), Sec. 3, eff. September 1, 2025. SUBCHAPTER D. GENERAL PROVISIONS RELATING TO INVESTMENTS IN CERTAIN FOREIGN TERRORIST ORGANIZATIONS
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.2270.0124
What does The Texas Constitution § GV.2270.0124 cover?
Section GV.2270.0124 ("SCRUTINIZED COMPANIES IN COUNTRIES OF CONCERN") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § GV.2270.0124?
A common citation format is "The Texas Constitution § GV.2270.0124" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § GV.2270.0124 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.