Tex. Water Code § 13.303
This is the official text of Tex. Water Code § 13.303, part of Texas’s Water Code — governs water rights and water resource management.
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§ 13.303.
Official statutory text
Sec. 13.303. LOANS TO STOCKHOLDERS: REPORT. 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.
Status: in_force · Read it on the official government site
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