Untitled Texas Attorney General Opinion

l&n. Zollie Steakley Opinion No. WW-897 Secretary of State Austin, Texas Re: Effect of Texas Business Corporation Act upon corpora- Hon. J. M. Falkner tions whose purposes include State Banking Commissioner the trust purposes authorized Austin, Texas by Subdivision 49. Art. 1302 and Art. 1303b. Dear Sirs: Your request deals with the effect of the Texas Business Corpor- atii Act upon ceitain corporations organized under Subdivision 49 of Article 1302, V.C.S., and Article 1303b. V.C.S. Article 1302, Subdivi- . sion 49, provides in parti “The purposes for which private corporations may be formed…