{"data":{"id":"us-tx/tex.-utilities-code-161.063","jurisdiction":"us-tx","citation":"Tex. Utilities Code § 161.063","heading":"EXEMPTION FROM APPLICATION OF SECURITIES ACT.","body":"The Securities Act (Title 12, Government Code) does not apply to:\n(1) an obligation issued to secure a debt of an electric cooperative to the United States; or\n(2) the issuance of a membership certificate by an electric cooperative.\nActs 1997, 75th Leg., ch. 166, Sec. 1, eff. Sept. 1, 1997.\nAmended by:\nActs 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 2.42, eff. January 1, 2022.","path":["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"],"source_url":"https://statutes.capitol.texas.gov/Docs/UT/htm/UT.161.htm#161.063","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:45Z","sha256":"bb54b25456f8bbef16b39e6d711207035f9a08f3431f7e4ab236b74f5e0cfc68","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-utilities-code-161.062","next":"us-tx/tex.-utilities-code-161.064"},"notice":"GroundRules: Original legal text. Not legal advice."}