{"data":{"id":"us-tx/tex.-election-code-253.103","jurisdiction":"us-tx","citation":"Tex. Election Code § 253.103","heading":"CORPORATE LOANS.","body":"(a) A corporation may not make a loan to a candidate, officeholder, or political committee for campaign or officeholder purposes unless:\n(1) the corporation has been legally and continuously engaged in the business of lending money for at least one year before the loan is made; and\n(2) the loan is made in the due course of business.\n(b) This section does not apply to a loan covered by Section 253.096.\n(c) A person who violates this section commits an offense. An offense under this section is a felony of the third degree.\nAmended by Acts 1987, 70th Leg., ch. 899, Sec. 1, eff. Sept. 1, 1987.","path":["ELECTION CODE","TITLE 15. REGULATING POLITICAL FUNDS AND CAMPAIGNS","CHAPTER 253. RESTRICTIONS ON CONTRIBUTIONS AND EXPENDITURES","SUBCHAPTER D. CORPORATIONS AND LABOR ORGANIZATIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/EL/htm/EL.253.htm#253.103","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:06Z","sha256":"e64cb145643c5ec1096e9c3c56adae37e183b29e9fc45194a449a4fa44a2ce63","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-election-code-253.102","next":"us-tx/tex.-election-code-253.104"},"notice":"GroundRules: Original legal text. Not legal advice."}