Tex. Util. Code § 14.103 · Subchapter C. RESTRICTIONS ON CERTAIN TRANSACTIONS
REPORT OF LOAN TO STOCKHOLDERS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
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.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/UT/htm/UT.14.htm
- Text hash
- sha256 fd8a0233571a2c6258d52ae0da65b174ebfd5ed4c89be82c9e5f056bc7e7867f
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.