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Tex. Utilities Code § 102.053

REPORT OF LOAN TO STOCKHOLDERS

Texas · Texas Utilities Code · Status: effective

Banking, Finance & Insurance
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Tex. Utilities Code § 102.053, REPORT OF LOAN TO STOCKHOLDERS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/577652
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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.