Texas § 253.103 CORPORATE LOANS.

Texas Statutes

§ 253.103 — CORPORATE LOANS.

Texas § 253.103

Code ELElection Code

This text of Texas § 253.103 (CORPORATE LOANS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Election Code Code Ann. § 253.103 (2026).

Text

Sec. 253.103. CORPORATE LOANS.

(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.

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Sec. 253.103. CORPORATE LOANS. (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.