Tex. Util. Code § 161.063

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

Section 161.063 - Exemption From Application Of Securities Act

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. Util. Code § 161.063

Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. TBD,Sec. 2.42, eff. 1/1/2022.

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