Tex. Gov't Code § 4007.201 · Subchapter E. CRIMINAL PROVISIONS
UNAUTHORIZED SALE OF SECURITIES; OFFENSE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A person commits an offense if the person sells, offers for sale or delivery, solicits subscriptions to or orders for, disposes of, invites orders for, or deals in any other manner in a security issued after September 6, 1955, unless:
(1) the security has been registered under Subchapter B or C, Chapter 4003; or
(2) a permit qualifying securities for sale has been issued under Subchapter A, Chapter 4003, with respect to the security.
(b) A person commits an offense if the person sells, offers for sale or delivery, solicits subscriptions to or orders for, disposes of, invites offers for, or deals in any other manner in a security without being a registered dealer or registered agent as provided in this title.
(c) An offense under this section is a felony of the third degree.
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.4007.htm
- Text hash
- sha256 3820eeeff4d22847645a03173a940af4ada45c170dabd7920217466ec7ef9bf8
- 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.
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.