Sec. 161.063. EXEMPTION FROM APPLICATION OF SECURITIES ACT. 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.
Exemption From Application of Securities Act
Tex. Utilities Code § 161.063, under Chapter 161.
Tex. Utilities Code § 161.063