Tex. Loc. Gov't Code § 501.203 · Subchapter E. CORPORATE POWERS AND LIMITATIONS RELATING TO BONDS
SECURITIES COMMISSIONER PERMIT TO SELL SECURITIES REQUIRED.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A corporation may not sell or offer for sale bonds or other securities until the securities commissioner grants a permit authorizing the corporation to offer and sell the bonds or other securities under the registration provisions of The Securities Act (Title 12, Government Code), except as exempted from registration by rule or order of the State Securities Board. Appeal from an adverse decision of the securities commissioner or the State Securities Board is under the administrative procedure law, Chapter 2001, Government Code. The substantial evidence rule applies in an appeal under this subsection.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 2.37, 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/LG/htm/LG.501.htm
- Text hash
- sha256 3c17a2b790bda805f9c7d9af84e20ee97a501a77fba84becd61f13f945851b88
- 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.
Cited by 3 provisions
Provisions in this library whose text cites Tex. Loc. Gov't Code § 501.203. Each shows the citation as that text prints it.
Local Government Code
- Tex. Loc. Gov't Code § 504.005CORPORATION NOT SUBJECT TO CERTAIN PROVISIONS.Printed as Sections 501.203, 501.205, 501.251-501.254, 501.255(a)
- Tex. Loc. Gov't Code § 505.005CORPORATION NOT SUBJECT TO CERTAIN PROVISIONS.Printed as Sections 501.203, 501.205, 501.251-501.254, 501.255(a)
- Tex. Loc. Gov't Code § 507.005CORPORATION NOT SUBJECT TO CERTAIN PROVISIONS.Printed as Sections 501.203, 501.205, 501.251
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.