Tex. Gov't Code § 4008.103 · Subchapter C. CIVIL LIABILITY OF INVESTMENT ADVISERS AND INVESTMENT ADVISER REPRESENTATIVES
DAMAGES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
In damages under Section 4008.101(b), the purchaser is entitled to recover:
(1) the amount of any consideration paid for the services, less the amount of any income the purchaser received from acting on the services;
(2) any loss incurred by the purchaser in acting on the services provided by the investment adviser or investment adviser representative;
(3) interest at the legal rate for judgments accruing from the date the purchaser paid the consideration; and
(4) to the extent the court considers equitable, court costs and reasonable attorney's fees.
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 4fa3f027e6eccff4f12207f9cc01071acf11e2280024159bbde7bd00df94f7d3
- 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.