Tex. Util. Code § 161.063 · Subchapter B. CREATION AND OPERATION OF ELECTRIC COOPERATIVES
EXEMPTION FROM APPLICATION OF SECURITIES ACT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
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.
Notes and commentary — not statutory text
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. 2.42, eff. January 1, 2022.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/UT/htm/UT.161.htm
- Text hash
- sha256 7fe497a749cb6d030cee5ce21fcaf1ddb4eb8d6e4176dbd9e7dc61dcc8e9a5a7
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.