Texas Utilities Code
§ 102.053 — REPORT OF LOAN TO STOCKHOLDERS
UT § 102.053Title 3. GAS REGULATION · Part A. GAS UTILITY REGULATORY ACT · Ch. 102. JURISDICTION AND POWERS OF RAILROAD COMMISSION AND OTHER REGULATORY AUTHORITIES · Art. B. RESTRICTIONS ON CERTAIN TRANSACTIONS
Statute text
View on sourceA 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.
Legislative history
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.