{"data":{"id":"us-tx/tex.-finance-code-273.004","jurisdiction":"us-tx","citation":"Tex. Finance Code § 273.004","heading":"EXEMPTION FROM SECURITIES ACT.","body":"(a) A security issued by the corporation under this chapter is not considered a \"security\" under The Securities Act (Title 12, Government Code).\n(b) A person authorized by and acting on behalf of the corporation is exempt from the registration and licensing provisions of The Securities Act (Title 12, Government Code) with respect to that person's participation in a sale or other transaction involving a security of the corporation.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.\nAmended by:\nActs 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 2.16, eff. January 1, 2022.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE Z. MISCELLANEOUS PROVISIONS RELATING TO FINANCIAL INSTITUTIONS AND BUSINESSES","CHAPTER 273. SAVINGS AND LOAN SUPPLEMENTAL FUND ACT","SUBCHAPTER A. GENERAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.273.htm#273.004","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"947d9c30832a891c348e3dfa455aff68ce00e4923bfe614841d61fb83aadc5d9","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-273.003","next":"us-tx/tex.-finance-code-273.005"},"notice":"GroundRules: Original legal text. Not legal advice."}