Tex. Gov't Code § 4003.009 · Subchapter A. PERMIT QUALIFYING SECURITIES FOR SALE
RENEWAL OF PERMIT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An issuer or registered dealer may file a renewal application with the commissioner if the securities authorized to be sold under a permit qualifying securities for sale that is issued under this subchapter are not sold before the permit expires.
(b) The renewal application must:
(1) state:
(A) the total number of shares sold in this state;
(B) the total number of shares sold outside this state; and
(C) the total number of shares outstanding;
(2) contain a detailed balance sheet;
(3) contain an operating statement; and
(4) provide any other information the commissioner may require.
(c) The commissioner shall examine a renewal application and issue a renewal permit or deny the application using the standards stated in Section 4003.006 applicable to an original application.
(d) If issued, a renewal permit:
(1) is valid for one year; and
(2) must be in the form the commissioner prescribes.
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 241cb654aa94625294ef389d082c1cfebe70735d1c84274ef7cefaad07560bca
- 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
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