7335 - Limited exemption from Securities Act.

     § 7335.  Limited exemption from Securities Act.        Whenever any electric cooperative corporation subject to this     chapter has borrowed money from any Federal agency, the     obligations issued to secure the payment of the money shall be     exempt from the provisions of the act of December 5, 1972     (P.L.1280, No.284), known as the Pennsylvania Securities Act of     1972, nor shall the provisions of that act apply to the issuance     of membership certificates.