Tex. Util. Code § 162.063 · Subchapter B. CREATION AND OPERATION OF TELEPHONE 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) a note, bond, or other evidence of indebtedness issued by a telephone cooperative doing business in this state to the United States;
(2) an instrument executed to secure a debt of a telephone cooperative to the United States; or
(3) the issuance of a membership certificate by a telephone cooperative or a foreign corporation doing business in this state under this chapter.
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. 2.43, 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.162.htm
- Text hash
- sha256 ce2f9d3f4bcc1f66b85cf7836926e89af03aabce239a0b2a4e0d8adc2b531b8a
- 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
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
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.