Tex. Utils. Code Section 161.063
Exemption from Application of Securities Act

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.
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: Section 161.063 — Exemption from Application of Securities Act, https://statutes.­capitol.­texas.­gov/Docs/UT/htm/UT.­161.­htm#161.­063 (accessed Jun. 5, 2024).

161.001
Short Title 161.002
Definitions 161.003
Construction of Chapter 161.004
Certain Corporate Names Prohibited 161.005
Chapter Complete and Controlling 161.051
Incorporators 161.052
Duration of Corporation 161.053
Name of Electric Cooperative 161.054
Articles of Incorporation 161.055
Filing and Recording of Articles of Incorporation 161.056
Revival of Articles of Incorporation 161.057
Organizational Meeting 161.058
Perfecting Defectively Organized Corporation 161.059
Nonprofit Operation 161.060
Members Not Liable for Debts of Electric Cooperative 161.061
License Fee 161.062
Exemption from Excise Taxes 161.063
Exemption from Application of Securities Act 161.064
Bylaws 161.065
Membership 161.066
Certificate of Membership 161.067
Meetings of Members 161.068
Notice of Members’ Meeting 161.069
Quorum of Members 161.070
Voting by Members 161.071
Board of Directors 161.072
Election of Directors 161.073
Compensation of Directors 161.074
Quorum of Directors 161.075
Board Meetings 161.076
Officers, Agents, and Employees 161.077
Executive Committee 161.078
Indemnification 161.079
Applicability of Chapter to Corporations Organized Under Other Law 161.121
General Powers 161.122
Provision of Rural Electrification 161.123
Powers Relating to Provision of Electric Energy 161.124
Provision of Electric Energy to Certain Nonmember Entities 161.125
Eminent Domain 161.151
Amendment of Articles of Incorporation 161.152
Articles of Amendment 161.201
Consolidation 161.202
Articles of Consolidation 161.251
Dissolution 161.252
Existence Following Dissolution 161.253
Distribution of Net Assets on Dissolution 161.254
Dissolution of Defectively Incorporated Electric Cooperative
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 161.063’s source at texas​.gov