Tex. Util. Code § 181.003

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 181.003 - Authority to Borrow Money, Issue Stock, or Mortgage Property

A gas or electric corporation has the right to:

(1) borrow money;

(2) issue stock, including preferred stock; or

(3) mortgage a franchise or other property of the corporation to secure a debt contracted for any purpose of the corporation.

Tex. Util. Code § 181.003

Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.