Sec. 67.015. EXEMPTION FROM SECURITIES ACT. The Securities Act (Title 12, Government Code) does not apply to: (1) a note, bond, or other evidence of indebtedness issued by a corporation doing business in this state to the United States; (2) an instrument executed to secure a debt of a corporation to the United States; or (3) the issuance of a membership certificate or stock certificate of a corporation. Added by Acts 1997, 75th Leg., ch. 166, Sec. 2, eff. Sept. 1, 1997. Amended by: Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 2.44, eff. January 1, 2022.
Exemption From Securities Act
Tex. Water Code § 67.015, under Nonprofit Water Supply Or Sewer Service Corporations.
Tex. Water Code § 67.015