Tex. Utils. Code Section 102.053
Report of Loan to Stockholders


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.

Source: Section 102.053 — Report of Loan to Stockholders, https://statutes.­capitol.­texas.­gov/Docs/UT/htm/UT.­102.­htm#102.­053 (accessed May 18, 2024).

Accessed:
May 18, 2024

§ 102.053’s source at texas​.gov