Tex. Codes » Election Code · TITLE 15. REGULATING POLITICAL FUNDS AND CAMPAIGNS · CHAPTER 253. RESTRICTIONS ON CONTRIBUTIONS AND EXPENDITURES
Texas Codes

Tex. Elec. Code § 253.103 (2026)

Corporate Loans

✓ current as of May 2026
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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.

Amended by Acts 1987, 70th Leg., ch. 899, Sec. 1, eff. Sept. 1, 1987.

Notes of Decisions
Cited in 1 case, 2016–2016 · leading case: Centerpoint Builders Gp, LLC & Centerpoint Builders, Ltd. v. Trussway, Ltd., 496 S.W.3d 33 (Tex. 2016).
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Centerpoint Builders Gp, LLC & Centerpoint Builders, Ltd. v. Trussway, Ltd., 496 S.W.3d 33 (Tex. 2016). · cites it 2× “, TEX. ELEC. CODE § 253.103(a)(1) (prohibiting a corporation from making a loan to a candidate, officeholder, or political committee for campaign or officeholder purposes unless “the corporation has been legally and continuously engaged in the business of lending money for at…”
— Tex. Elec. Code § 253.103(a)(1) — 1 case
Centerpoint Builders Gp, LLC & Centerpoint Builders, Ltd. v. Trussway, Ltd., 496 S.W.3d 33 (Tex. 2016). “, TEX. ELEC. CODE § 253.103(a)(1) (prohibiting a corporation from making a loan to a candidate, officeholder, or political committee for campaign or officeholder purposes unless “the corporation has been legally and continuously engaged in the business of lending money for at…”
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