Tex. Utilities Code § 161.063
This is the official text of Tex. Utilities Code § 161.063, part of Texas’s Utilities Code — regulates utility companies.
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§ 161.063. EXEMPTION FROM APPLICATION OF SECURITIES ACT.
Official statutory text
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.
(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.
Status: in_force · Read it on the official government site
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