Texas Water Code 152.252 – Authority to Enter Into Hedging Contract
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(a) A river authority or a corporation created under Section 152.051 may enter into a hedging contract and related security and insurance agreements.
(b) A hedging transaction must comply with the regulations of the Commodity Futures Trading Commission and the Securities and Exchange Commission.
Terms Used In Texas Water Code 152.252
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.