Tex. Gov't Code § 4003.001 · Subchapter A. PERMIT QUALIFYING SECURITIES FOR SALE
PERMIT REQUIRED; EXCEPTIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A dealer or agent may not sell or offer for sale any securities issued after September 6, 1955, unless the commissioner has issued a permit qualifying securities for sale for those securities to the issuer of the securities or a registered dealer.
(b) This section does not apply to:
(1) securities that have been registered by notification under Subchapter B or by coordination under Subchapter C; or
(2) transactions or securities that are exempt under Chapter 4005.
Notes and commentary — not statutory text
History
Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, 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/GV/htm/GV.4003.htm
- Text hash
- sha256 7d283178a0fd7589c0adcfd35f2db18d28925dd9b2e49b5ef0c23edf601d7abc
- 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
Cited by 2 provisions
Provisions in this library whose text cites Tex. Gov't Code § 4003.001. Each shows the citation as that text prints it.
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.