Texas § 162.063 EXEMPTION FROM APPLICATION OF SECURITIES ACT.

Texas Statutes

§ 162.063 — EXEMPTION FROM APPLICATION OF SECURITIES ACT.

Texas § 162.063

Code UTUtilities Code

This text of Texas § 162.063 (EXEMPTION FROM APPLICATION OF 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. Utilities Code Code Ann. § 162.063 (2026).

Text

Sec. 162.063. EXEMPTION FROM APPLICATION OF 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 telephone cooperative doing business in this state to the United States;

(2)an instrument executed to secure a debt of a telephone cooperative to the United States; or

(3)the issuance of a membership certificate by a telephone cooperative or a foreign corporation doing business in this state under this chapter.

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Sec. 162.063. EXEMPTION FROM APPLICATION OF 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 telephone cooperative doing business in this state to the United States;
(2) an instrument executed to secure a debt of a telephone cooperative to the United States; or
(3) the issuance of a membership certificate by a telephone cooperative or a foreign corporation doing business in this state under this chapter.

Legislative History

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. 2.43, eff. January 1, 2022.