Texas Administrative Code
|TITLE 7||BANKING AND SECURITIES|
|PART 7||STATE SECURITIES BOARD|
|CHAPTER 139||EXEMPTIONS BY RULE OR ORDER|
|RULE §139.11||Transactions in United States Savings Bonds|
The State Securities Board, pursuant to the Securities Act, §5.T and §12.B, exempts from the securities and dealer registration requirements of the Act, the sale of any United States Series EE Savings Bond if no commission or other remuneration is paid or given or is to be paid or given, directly or indirectly, in connection with the sale. For purposes of this section, "commission or other remuneration" does not include a fee paid by the United States Treasury.
|Source Note: The provisions of this §139.11 adopted to be effective December 27, 1995, 20 TexReg 10593.|