Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Utilities Code § 102.053: REPORT OF LOAN TO STOCKHOLDERS.

Where this section sits in the code

UTILITIES CODE
TITLE 3. GAS REGULATION
SUBTITLE A. GAS UTILITY REGULATORY ACT
CHAPTER 102. JURISDICTION AND POWERS OF RAILROAD COMMISSION AND OTHER REGULATORY AUTHORITIES
SUBCHAPTER B. RESTRICTIONS ON CERTAIN TRANSACTIONS

A gas utility may not loan money, stocks, bonds, notes, or other evidence of indebtedness to a person who directly or indirectly owns or holds any stock of the gas utility unless the gas utility reports the transaction to the railroad commission within a reasonable time.

Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.

Collected 2026-08-27T01:47:45Z. Source file · JSON

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