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Tex. Election Code § 253.103

CORPORATE LOANS

Texas · Texas Election Code · Status: effective

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Tex. Election Code § 253.103, CORPORATE LOANS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/641808
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(a) A corporation may not make a loan to a candidate, officeholder, or political committee for campaign or officeholder purposes unless: (1) the corporation has been legally and continuously engaged in the business of lending money for at least one year before the loan is made; and (2) the loan is made in the due course of business. (b) This section does not apply to a loan covered by Section 253.096. (c) A person who violates this section commits an offense. An offense under this section is a felony of the third degree.