Untitled Texas Attorney General Opinion

December 20, 1948 Hon. Paul H. Brown Opinion No. V-746 Secretary of State Austin, Texas Re: The legality of permitting a foreign corporation to do business for profit in Texas Dear Sir: when it-has no capital stock. Sand Springs Home, an Oklahoma corporation, has applied for a permit to do business in Texas under the provisions of Ar- title 1529, Revised Ci,vil Statutes of Texas, for the purpose of en- gaging in business for pecuniary profit within the State of Texas, as authorized by~the provisions of Subdivision 37 of Article 1302, Revised Civil Statutes of Texas. Under the provisions of…