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

Tex. Utilities Code § 14.103: REPORT OF LOAN TO STOCKHOLDERS.

Where this section sits in the code

UTILITIES CODE
TITLE 2. PUBLIC UTILITY REGULATORY ACT
SUBTITLE A. PROVISIONS APPLICABLE TO ALL UTILITIES
CHAPTER 14. JURISDICTION AND POWERS OF COMMISSION AND OTHER REGULATORY AUTHORITIES
SUBCHAPTER C. RESTRICTIONS ON CERTAIN TRANSACTIONS

A public 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 public utility unless the public utility reports the transaction to the 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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