Tex. Gov't Code § 808.053 · Subchapter B. DUTIES REGARDING INVESTMENTS
ACTIONS RELATING TO LISTED COMPANY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) For each listed company identified under Section 808.052, the state governmental entity shall send a written notice:
(1) informing the company of its status as a listed company;
(2) warning the company that it may become subject to divestment by state governmental entities after the expiration of the period described by Subsection (b); and
(3) offering the company the opportunity to clarify its Israel-related activities.
(b) Not later than the 90th day after the date the company receives notice under Subsection (a), the company must cease boycotting Israel in order to avoid qualifying for divestment by state governmental entities.
(c) If, during the time provided by Subsection (b), the company ceases boycotting Israel, the comptroller shall remove the company from the list maintained under Section 808.051 and this chapter will no longer apply to the company unless it resumes boycotting Israel.
(d) If, after the time provided by Subsection (b) expires, the company continues to boycott Israel, the state governmental entity shall sell, redeem, divest, or withdraw all publicly traded securities of the company, except securities described by Section 808.055, according to the schedule provided by Section 808.054.
Notes and commentary — not statutory text
History
Added by Acts 2017, 85th Leg., R.S., Ch. 1 (H.B. 89), Sec. 2, eff. September 1, 2017.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.808.htm
- Text hash
- sha256 1e2b2ddf1b82b9f35004ffa0deffd9c616057cb0aa68dd2502735257ca21086c
- 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.
Government Code
- Tex. Gov't Code § 808.051LISTED COMPANIES.Printed as Section 808.051
- Tex. Gov't Code § 808.052IDENTIFICATION OF INVESTMENT IN LISTED COMPANIES.Printed as Section 808.052
- Tex. Gov't Code § 808.054DIVESTMENT OF ASSETS.Printed as Section 808.054
- Tex. Gov't Code § 808.055INVESTMENTS EXEMPTED FROM DIVESTMENT.Printed as Section 808.055
Cited by 1 provision
Provisions in this library whose text cites Tex. Gov't Code § 808.053. Each shows the citation as that text prints it.
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