149.002 – EXEMPTION FROM SECURITIES LAWS. (a) Except as
Texas Finance Code § 149.002
Summary
This law exempts credit unions and their representatives from certain state securities regulations when selling securities. It applies to credit unions operating under state or federal law, allowing them to engage in these activities without additional oversight.
Exempts credit unions from state securities regulations.
Covers officers, employees, and agents involved in securities sales.
Applies to both state and federal credit unions.
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In simple terms: Learn about Texas's EXEMPTION FROM SECURITIES LAWS. (a) Except as law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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