{"data":{"id":"us-tx/tex.-water-code-67.015","jurisdiction":"us-tx","citation":"Tex. Water Code § 67.015","heading":"EXEMPTION FROM 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 corporation doing business in this state to the United States;\n(2) an instrument executed to secure a debt of a corporation to the United States; or\n(3) the issuance of a membership certificate or stock certificate of a corporation.\nAdded by Acts 1997, 75th Leg., ch. 166, Sec. 2, eff. Sept. 1, 1997.\nAmended by:\nActs 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 2.44, eff. January 1, 2022.","path":["WATER CODE","TITLE 4. GENERAL LAW DISTRICTS","CHAPTER 67. NONPROFIT WATER SUPPLY OR SEWER SERVICE CORPORATIONS","SUBCHAPTER A. GENERAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/WA/htm/WA.67.htm#67.015","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:48Z","sha256":"ed7e527bb06eb3216fd9e5fa60a5b8e912282609c1b6519a38da2094f9657f64","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-water-code-67.014","next":"us-tx/tex.-water-code-67.016"},"notice":"GroundRules: Original legal text. Not legal advice."}