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Current as of January 01, 2024 | Updated by FindLaw Staff
(a) A member of the legislature may not vote on a measure or a bill, other than a measure that will affect an entire class of business entities, that will directly benefit a specific business transaction of a business entity in which the member has a controlling interest.
(b) In this section, “controlling interest” includes:
(1) an ownership interest or participating interest by virtue of shares, stock, or otherwise that exceeds 10 percent;
(2) membership on the board of directors or other governing body of the business entity; or
(3) service as an officer of the business entity.
(c) A member of the legislature commits an offense if the member violates this section. An offense under this subsection is a Class A misdemeanor.
Cite this article: FindLaw.com - Texas Government Code - GOV'T § 572.053. Voting by Legislators on Certain Measures or Bills; Criminal Offense - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-572-053/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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