Tex. Utilities Code § 102.053

REPORT OF LOAN TO STOCKHOLDERS.

Last amended: 1997Year: 2026Length: 46 wordsOfficial source
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.
Tex. Utilities Code § 102.053: REPORT OF LOAN TO STOCKHOLDERS. | Justis AI