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Texas Utilities Code - Section 102.053. Report Of Loan To Stockholders

Legal Research Home > Texas Lawyer > Utilities Code > Texas Utilities Code - Section 102.053. Report Of Loan To Stockholders

§ 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, § 1, eff. Sept. 1, 1997.                    

Last modified: August 10, 2007