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Can you summarize Tex. Bus. Orgs. Section 5.061?

GENERAL PROVISIONS RELATING TO NAMES OF ENTITIES > NAME CONTAINING 'LOTTO' OR 'LOTTERY' PROHIBITED.

Short Summary

A filing entity, a foreign filing entity, or a registered series of a domestic limited liability company may not have a name that contains the word ’lotto’ or ’lottery.’ Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006. Amended by: Acts 2021, 87th Leg., R.S., Ch. 43 (S.B. 1523), Sec. 17, eff. June 1, 2022.

Jurisdiction

Texas

Source
Tex. Bus. Orgs. Section 5.061 [https://reggi.cloud.regology.com/regulations/US-TXST/US-TXST_D_BO_T_1_C_5_SC_B_S_061]