13.342 – DISCLOSURE OF SUBSTANTIAL INTEREST IN VOTING
Texas Water Code § 13.342
Summary
This law mandates that the utility commission can require disclosure of individuals who hold a substantial interest in the voting securities of utilities. A substantial interest is defined as owning 1% or more of such securities, ensuring transparency in utility governance.
Utility commission can request ownership disclosures.
Substantial interest defined as 1% or more ownership.
Affects owners of voting securities in utilities.
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In simple terms: Learn about Texas's DISCLOSURE OF SUBSTANTIAL INTEREST IN VOTING law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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