Legal Opinion
Opinion No.
Texas Attorney General Reports
Decided October 28, 1987Published
1Opinion of the Court
Mr. Robert J. Provan General Counsel Stephen F. Austin State University P.O. Box 6214 Nacogdoches, Texas 75962
Re: Whether a state university may contract with a corporation in which the spouse of a regent owns a substantial interest
Dear Mr. Provan:
You state that Stephen F. Austin State University has purchased the products of a close corporation. A person recently appointed to the Board of Regents owns a .2% interest of the firm's equity without a voting interest. Her husband owns over 6% of the firm's equity and controls over 12% of its voting interest. He is an employee of the firm and…
2Cases cited5 opinions
- Hardee, Sheriff v. VincentTexas Supreme Court · 1941
- Maben v. MabenCourt of Appeals of Texas · 1978
- Short v. United StatesDistrict Court, E.D. Texas · 1975
- Matter of Marriage of YorkCourt of Appeals of Texas · 1981
- Estate of Charles J. Wyly, Sr., Flora E. Wyly, Independent (Charles J. Wyly, Jr. And Samuel Evans Wyly Substituted in the Place and Stead of Flora E. Wyly, Independent Deceased) v. Commissioner of Internal Revenue, Estate of Winston C. Castleberry, Deceased, Republic National Bank of Dallas, Independent Cross-Appellee v. Commissioner of Internal Revenue, Cross-Appellant. Russell M. Frankel, Donald E. Woodard and Southern National Bank of Houston, as Independent Co-Executors of the Estate of Jules R. Frankel, Deceased v. United StatesCourt of Appeals for the Fifth Circuit · 1980