Tex. Water Code § 67.015 · Subchapter A. GENERAL PROVISIONS
EXEMPTION FROM 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 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.
Notes and commentary — not statutory text
History
Added by Acts 1997, 75th Leg., ch. 166, Sec. 2, eff. Sept. 1, 1997.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 2.44, 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/WA/htm/WA.67.htm
- Text hash
- sha256 2f4c5a3e32199a150a1fa1cbb30cb964d6d271f29e0ead3e08dee0a40f2e5095
- 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.