Texas § 273.004 EXEMPTION FROM SECURITIES ACT.

Texas Statutes

§ 273.004 — EXEMPTION FROM SECURITIES ACT.

Texas § 273.004

Code FIFinance Code

This text of Texas § 273.004 (EXEMPTION FROM SECURITIES ACT.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Finance Code Code Ann. § 273.004 (2026).

Text

Sec. 273.004. EXEMPTION FROM SECURITIES ACT.

(a)A security issued by the corporation under this chapter is not considered a "security" under The Securities Act (Title 12, Government Code).

(b)A person authorized by and acting on behalf of the corporation is exempt from the registration and licensing provisions of The Securities Act (Title 12, Government Code) with respect to that person's participation in a sale or other transaction involving a security of the corporation.

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Sec. 273.004. EXEMPTION FROM SECURITIES ACT. (a) A security issued by the corporation under this chapter is not considered a "security" under The Securities Act (Title 12, Government Code).
(b) A person authorized by and acting on behalf of the corporation is exempt from the registration and licensing provisions of The Securities Act (Title 12, Government Code) with respect to that person's participation in a sale or other transaction involving a security of the corporation.

Legislative History

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by: Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171 ), Sec. 2.16, eff. January 1, 2022.