Tex. Utilities Code § 161.063

EXEMPTION FROM APPLICATION OF SECURITIES ACT.

Last amended: 2019Year: 2026Length: 39 wordsOfficial source
The Securities Act (Title 12, Government Code) does not apply to: (1) an obligation issued to secure a debt of an electric cooperative to the United States; or (2) the issuance of a membership certificate by an electric cooperative.
Tex. Utilities Code § 161.063: EXEMPTION FROM APPLICATION OF SECURITIES ACT. | Justis AI