Tex. Fin. Code § 155.007 · Chapter 155. BOND INVESTMENT COMPANIES
CRIMINAL PENALTY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An officer or agent of a domestic or foreign corporation or company doing business in this state as a bond investment company commits an offense if:
(1) the officer or agent attempts to:
(A) place or sell shares; or
(B) transact any business on behalf of the company; and
(2) the bond investment company has not complied with the deposit requirements of this chapter.
(b) An offense under this section is punishable by:
(1) confinement in jail for a term of not more than six months or less than 30 days;
(2) a fine of not more than $1,000 or less than $100; or
(3) both the fine and confinement.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.155.htm
- Text hash
- sha256 a5e81555442969fcd8b6bc8ea539b999898d92cc1a95d757063d1a144792afd7
- 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
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.