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

Tex. Water Code § 13.303: LOANS TO STOCKHOLDERS: REPORT.

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Where this section sits in the code
  1. WATER CODE
  2. TITLE 2. WATER ADMINISTRATION
  3. SUBTITLE B. WATER RIGHTS
  4. CHAPTER 13. WATER RATES AND SERVICES
  5. SUBCHAPTER H. SALE OF PROPERTY AND MERGERS

A utility may not loan money, stocks, bonds, notes, or other evidences of indebtedness to any corporation or person owning or holding directly or indirectly any stock of the utility unless the utility reports the transaction to the utility commission within 60 days after the date of the transaction.

Added by Acts 1985, 69th Leg., ch. 795, Sec. 3.005, eff. Sept. 1, 1985. Amended by Acts 1989, 71st Leg., ch. 567, Sec. 35, eff. Sept. 1, 1989.

Amended by:

Acts 2013, 83rd Leg., R.S., Ch. 170 (H.B. 1600), Sec. 2.61, eff. September 1, 2013.

Acts 2013, 83rd Leg., R.S., Ch. 171 (S.B. 567), Sec. 61, eff. September 1, 2013.

Collected 2026-08-27T01:47:48Z. Source file · JSON

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