Tex. Bus. & Com. Code § 302.053 · Subchapter B. EXEMPTIONS
EXEMPTION: PERSONS REGULATED BY OTHER LAW.
Text — Current through the 89th 2nd Called Legislative Session, 2025
This chapter does not apply to:
(1) a person offering or selling a security that has been qualified for sale under Chapter 4003, Government Code, or that is subject to an exemption under Chapter 4005, Government Code;
(2) a publicly traded corporation registered with the Securities and Exchange Commission or the State Securities Board, or a subsidiary or agent of the corporation;
(3) a person who holds a license issued under the Insurance Code if the solicited transaction is governed by that code;
(4) a supervised financial institution or a parent, a subsidiary, or an affiliate of a supervised financial institution;
(5) a person whose business is regulated by the Public Utility Commission of Texas or an affiliate of that person, except that this chapter applies to such a person or affiliate only with respect to one or more automated dial announcing devices;
(6) a person subject to the control or licensing regulations of the Federal Communications Commission;
(7) a person selling a contractual plan regulated by the Federal Trade Commission trade regulation on use of negative option plans by sellers in commerce under 16 C.F.R. Part 425;
(8) a person subject to filing requirements under Chapter 1803, Occupations Code; or
(9) a person who:
(A) is soliciting a transaction regulated by the Commodity Futures Trading Commission; and
(B) is registered or holds a temporary license for the activity described by Paragraph (A) with the Commodity Futures Trading Commission under the Commodity Exchange Act (7 U.S.C. Section 1 et seq.), if the registration or license has not expired or been suspended or revoked.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 2.03, eff. January 1, 2022.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BC/htm/BC.302.htm
- Text hash
- sha256 7e998b17e856a76d8ba4d064ecc4d56713ddc8c64cdb1bb0720ff4e6eb71ccd0
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.