Tex. Water Code Section 67.015
Exemption from Securities Act


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.
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: Section 67.015 — Exemption from Securities Act, https://statutes.­capitol.­texas.­gov/Docs/WA/htm/WA.­67.­htm#67.­015 (accessed Apr. 20, 2024).

Accessed:
Apr. 20, 2024

§ 67.015’s source at texas​.gov