Texas Government Code 1371.153 – Exemptions for Certain Advice
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Terms Used In Texas Government Code 1371.153
- Statute: A law passed by a legislature.
This subchapter does not apply to advice to an issuer regarding:
(1) a loan or a line of credit by a depository institution to an issuer in a transaction not involving the issuance of a public security offered to a third party or parties; or
(2) a deposit of funds with a depository institution in compliance with another statute of this state.