Tex. Gov't Code § 4008.003 · Subchapter A. GENERAL PROVISIONS
ACTION FOR COLLECTION OF COMMISSION OR COMPENSATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) This section does not apply to a person or company that rendered services in connection with a transaction that is exempt under Subchapter A, Chapter 4005, or under a rule adopted by the board under Section 4005.024 if the person or company was not required to be registered by the terms of the exemption.
(b) A person or company may not bring or maintain any action in a court of this state for collection of a commission or compensation for services rendered in the sale or purchase of securities unless the person or company alleges and proves that:
(1) the person or company was:
(A) registered under this title; or
(B) exempt from registration under rules adopted under Section 4004.001; and
(2) the securities sold were registered under this title at the time the alleged cause of action arose.
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.4008.htm
- Text hash
- sha256 58b308df5f5325fbd01b8f70aa8bfaa65bab1e12941c61fc2ecd5bd07814987a
- 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.