10-2146. Exemption from securities
regulations
The provisions of title 44, chapter 12 do not apply to any note, bond or other
evidence of indebtedness issued by a generation and transmission cooperative doing
business in this state pursuant to this article, to the United States or any agency or
instrumentality of the United States or to any mortgage, deed of trust or other
instrument executed to secure the note, bond or other evidence of indebtedness, and such
provisions do not apply to the issuance of membership certificates or other evidence of
member interest by a generation and transmission cooperative.
|