Tex. Ins. Code § 548.004 · Subchapter A. GENERAL PROVISIONS
RULES RELATING TO EQUITY SECURITIES AND EXEMPT SECURITIES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If the commissioner considers it necessary or appropriate in the public interest or for the protection of investors, the commissioner by rule may define:
(1) "equity security" to include a security that is similar in nature to an equity security; and
(2) "exempt security" for purposes of this chapter.
(b) In adopting a rule under Subsection (a)(2), the commissioner may define the term conditionally, on specified terms, or for a stated period.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.548.htm
- Text hash
- sha256 45bf2811cc44bdeb4c2cb5cad92aa58b3cd85550d186315049a5a7041e954249
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 548.004. Each shows the citation as that text prints it.
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