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Tex. Water Code § 13.303

LOANS TO STOCKHOLDERS: REPORT

Texas · Texas Water Code · Status: effective

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Tex. Water Code § 13.303, LOANS TO STOCKHOLDERS: REPORT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/579167
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A utility may not loan money, stocks, bonds, notes, or other evidences of indebtedness to any corporation or person owning or holding directly or indirectly any stock of the utility unless the utility reports the transaction to the utility commission within 60 days after the date of the transaction.