1 Tex. Admin. Code § 24.5 - 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 to a political committee that supports or
opposes measures exclusively.
Notes
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