Texas Government Code 4005.017 – Government Issuance or Guarantee
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Terms Used In Texas Government Code 4005.017
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005
The exemption provided by § 4005.001 applies to the sale, by the issuer itself or by a registered dealer, of any security either issued or guaranteed by:
(1) the United States;
(2) the District of Columbia, a state, territory, or insular possession of the United States;
(3) a political subdivision of a state of the United States, including a county, city, municipal corporation, district, and authority; or
(4) a public or governmental agency or instrumentality of an entity described by Subdivisions (1)-(3).