Tex. Gov't Code § 2270.02035 · Subchapter E. DUTIES REGARDING INVESTMENTS
ACTIONS RELATED TO LISTED COMPANY OWNED OR CONTROLLED BY OR LOCATED IN COUNTRY OF CONCERN.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) For each listed company identified under Section 2270.0202 that is a scrutinized company under Section 2270.0124, the investing entity shall send a written notice informing the company of its listed company status and warning the company that it may become subject to divestment by investing entities.
(b) The notice shall offer the company the opportunity to, not later than the 90th day after the date the company receives notice under this section, change its organizational or ownership structure or location so as to not be a scrutinized company as described by Section 2270.0124 in order to avoid qualifying for divestment by investing entities.
(c) If, during the time provided by Subsection (b), the company makes any applicable changes required by that subsection, the comptroller shall remove the company from the list of scrutinized companies and this chapter will no longer apply to the company unless the company later again becomes a scrutinized company as described by Section 2270.0124.
(d) Notwithstanding Section 2270.0207, if, after the time provided by Subsection (b) expires, the listed company continues to operate as a scrutinized company as described by Section 2270.0124, the investing entity shall sell, redeem, divest, or withdraw all publicly traded securities of the company, except private equity funds described by Section 2270.0207, according to the schedule provided by Section 2270.0206.
Notes and commentary — not statutory text
History
Added by Acts 2025, 89th Leg., R.S., Ch. 362 (H.B. 34), Sec. 5, eff. September 1, 2025.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.2270.htm
- Text hash
- sha256 e36432e1273aaecdfe3efa7c7982ce348fec176d56ba6ad132dceb3106eecdd1
- 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
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Government Code
- Tex. Gov't Code § 2270.0124SCRUTINIZED COMPANIES IN COUNTRIES OF CONCERN.Printed as Section 2270.0124
- Tex. Gov't Code § 2270.0202IDENTIFICATION OF INVESTMENT IN LISTED COMPANIES.Printed as Section 2270.0202
- Tex. Gov't Code § 2270.0206DIVESTMENT OF ASSETS.Printed as Section 2270.0206
- Tex. Gov't Code § 2270.0207INVESTMENTS EXEMPTED FROM DIVESTMENT.Printed as Section 2270.0207
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.