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.