GroundRules
Tex. Utilities Code § 161.063: EXEMPTION FROM APPLICATION OF SECURITIES ACT.
Where this section sits in the code
- UTILITIES CODE
- TITLE 4. DELIVERY OF UTILITY SERVICES
- SUBTITLE A. UTILITY CORPORATIONS AND OTHER PROVIDERS
- CHAPTER 161. ELECTRIC COOPERATIVE CORPORATIONS
- SUBCHAPTER B. CREATION AND OPERATION OF ELECTRIC COOPERATIVES
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.
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 2.42, eff. January 1, 2022.
Collected 2026-08-27T01:47:45Z. Source file · JSON