EXEMPTION FROM SECURITIES ACT.

Tex. WATER Code § 67.015.
in effect
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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.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026

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