{"data":{"id":"us-tx/tex.-utilities-code-162.063","jurisdiction":"us-tx","citation":"Tex. Utilities Code § 162.063","heading":"EXEMPTION FROM APPLICATION OF SECURITIES ACT.","body":"The Securities Act (Title 12, Government Code) does not apply to:\n(1) a note, bond, or other evidence of indebtedness issued by a telephone cooperative doing business in this state to the United States;\n(2) an instrument executed to secure a debt of a telephone cooperative to the United States; or\n(3) the issuance of a membership certificate by a telephone cooperative or a foreign corporation doing business in this state under this chapter.\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. 2.43, eff. January 1, 2022.","path":["UTILITIES CODE","TITLE 4. DELIVERY OF UTILITY SERVICES","SUBTITLE A. UTILITY CORPORATIONS AND OTHER PROVIDERS","CHAPTER 162. TELEPHONE COOPERATIVE CORPORATIONS","SUBCHAPTER B. CREATION AND OPERATION OF TELEPHONE COOPERATIVES"],"source_url":"https://statutes.capitol.texas.gov/Docs/UT/htm/UT.162.htm#162.063","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:45Z","sha256":"5b47d812a88a6276ede0f8e90574316654fe294537f578462855382eba574d5e","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-utilities-code-162.062","next":"us-tx/tex.-utilities-code-162.064"},"notice":"GroundRules: Original legal text. Not legal advice."}