Tex. Finance Code § 273.004
This is the official text of Tex. Finance Code § 273.004, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 273.004. EXEMPTION FROM SECURITIES ACT.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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