Tex. Util. Code § 162.063

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 162.063 - Exemption From Application Of Securities Act

The Securities Act (Title 12, Government Code) does not apply to:

(1) a note, bond, or other evidence of indebtedness issued by a telephone cooperative doing business in this state to the United States;

(2) an instrument executed to secure a debt of a telephone cooperative to the United States; or

(3) the issuance of a membership certificate by a telephone cooperative or a foreign corporation doing business in this state under this chapter.

Tex. Util. Code § 162.063

Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. TBD,Sec. 2.43, eff. 1/1/2022.

Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. 9/1/1997.