Texas § LG.337.015 - LIMITATION ON CORPORATE PURPOSES
Full text of Texas The Texas Constitution § LG.337.015 — LIMITATION ON CORPORATE PURPOSES, with citation guidance and answers to common questions.
§ LG.337.015. LIMITATION ON CORPORATE PURPOSES
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 the corporation. Added by Acts 2017, 85th Leg., R.S., Ch. 324 (S.B. 1488 ), Sec. 20.004(a), eff. September 1, 2017.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § LG.337.015
What does The Texas Constitution § LG.337.015 cover?
Section LG.337.015 ("LIMITATION ON CORPORATE PURPOSES") 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 § LG.337.015?
A common citation format is "The Texas Constitution § LG.337.015" (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 § LG.337.015 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.