EXEMPTION FROM APPLICATION OF SECURITIES ACT.

Tex. UTIL Code § 161.063.
in effect
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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.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026
Tex. UTIL Code § 161.063. — EXEMPTION FROM APPLICATION OF SECURITIES ACT | Texas Statutes | Corpus