Texas Statutes
Government Code
Title 12 - Securities Act

Section 4001.051. Applicability of Definitions; Construction of Certain Conjunctions - Sec. 4001.051. APPLICABILITY OF DEFINITIONS; CONSTRUCTION OF CERTAIN CONJUNCTIONS. (a)...

Section 4001.052. Agent - Sec. 4001.052. AGENT. (a) Except as provided by Subsection (b),...

Section 4001.053. Board - Sec. 4001.053. BOARD. "Board" means the State Securities Board. Added...

Section 4001.054. Broker - Sec. 4001.054. BROKER. "Broker" means "dealer" as defined in this...

Section 4001.055. Commissioner - Sec. 4001.055. COMMISSIONER. "Commissioner" means the securities commissioner. Added by...

Section 4001.056. Dealer - Sec. 4001.056. DEALER. (a) "Dealer" includes: (1) a person or...

Section 4001.057. Federal Covered Investment Adviser - Sec. 4001.057. FEDERAL COVERED INVESTMENT ADVISER. "Federal covered investment adviser"...

Section 4001.058. Fraud; Fraudulent Practice - Sec. 4001.058. FRAUD; FRAUDULENT PRACTICE. (a) "Fraud" and "fraudulent practice"...

Section 4001.059. Investment Adviser - Sec. 4001.059. INVESTMENT ADVISER. "Investment adviser" includes a person who,...

Section 4001.060. Investment Adviser Representative - Sec. 4001.060. INVESTMENT ADVISER REPRESENTATIVE. (a) Except as provided by...

Section 4001.061. Issuer - Sec. 4001.061. ISSUER. "Issuer" means and includes a person or...

Section 4001.062. Mortgage - Sec. 4001.062. MORTGAGE. "Mortgage" includes a deed of trust to...

Section 4001.063. No Par Value; Par Value - Sec. 4001.063. NO PAR VALUE; PAR VALUE. (a) "No par...

Section 4001.064. Person; Company - Sec. 4001.064. PERSON; COMPANY. (a) The terms "person" and "company"...

Section 4001.065. Registered Dealer - Sec. 4001.065. REGISTERED DEALER. "Registered dealer" means a dealer the...

Section 4001.066. Registered Investment Adviser - Sec. 4001.066. REGISTERED INVESTMENT ADVISER. "Registered investment adviser" means an...

Section 4001.067. Sale; Offer for Sale; Sell - Sec. 4001.067. SALE; OFFER FOR SALE; SELL. (a) "Sale," "offer...

Section 4001.068. Security - Sec. 4001.068. SECURITY. (a) The term "security": (1) includes: (A)...

Subchapter C. General Administrative Provisions

Section 4001.101. Sufficiency of Notice - Sec. 4001.101. SUFFICIENCY OF NOTICE. In this title unless otherwise...

Section 4001.102. Consent for Service of Process - Sec. 4001.102. CONSENT FOR SERVICE OF PROCESS. (a) This section...

Subchapter D. Other General Provisions

Section 4001.151. Prosecution Under Certain Other Law - Sec. 4001.151. PROSECUTION UNDER CERTAIN OTHER LAW. Nothing in Chapter...

Section 4001.152. Good Faith - Sec. 4001.152. GOOD FAITH. (a) A provision of this title...

Section 4001.153. Burden of Proof on Exemption - Sec. 4001.153. BURDEN OF PROOF ON EXEMPTION. (a) A complaint,...

Section 4001.154. Certified Copies of Certain Documents or Instruments as Evidence - Sec. 4001.154. CERTIFIED COPIES OF CERTAIN DOCUMENTS OR INSTRUMENTS AS...

Section 4001.155. Proof of Certain Records - Sec. 4001.155. PROOF OF CERTAIN RECORDS. All records of the...

Chapter 4002 - State Securities Board and Securities Commissioner

Subchapter A. General Provisions

Section 4002.001. Applicability of Other Law - Sec. 4002.001. APPLICABILITY OF OTHER LAW. The board and commissioner...

Section 4002.002. Sunset Provision - Sec. 4002.002. SUNSET PROVISION. The State Securities Board is subject...

Subchapter B. State Securities Board

Section 4002.051. Appointment of Board - Sec. 4002.051. APPOINTMENT OF BOARD. (a) The State Securities Board...

Section 4002.052. Membership Eligibility - Sec. 4002.052. MEMBERSHIP ELIGIBILITY. A person is not eligible for...

Section 4002.053. Membership and Employee Restrictions - Sec. 4002.053. MEMBERSHIP AND EMPLOYEE RESTRICTIONS. (a) In this section,...

Section 4002.054. Terms; Vacancy - Sec. 4002.054. TERMS; VACANCY. (a) Members of the board serve...

Section 4002.055. Presiding Officer - Sec. 4002.055. PRESIDING OFFICER. The governor shall designate a member...

Section 4002.056. Grounds for Removal - Sec. 4002.056. GROUNDS FOR REMOVAL. (a) It is a ground...

Section 4002.057. Per Diem - Sec. 4002.057. PER DIEM. A member of the board is...

Section 4002.058. Board Member Training - Sec. 4002.058. BOARD MEMBER TRAINING. (a) A person who is...

Subchapter C. Securities Commissioner and Employees of Board

Section 4002.101. Securities Commissioner - Sec. 4002.101. SECURITIES COMMISSIONER. The board shall appoint a securities...

Section 4002.102. Deputy Securities Commissioner; Securities Commissioner Appointees - Sec. 4002.102. DEPUTY SECURITIES COMMISSIONER; SECURITIES COMMISSIONER APPOINTEES. (a) The...

Section 4002.103. Division of Responsibilities - Sec. 4002.103. DIVISION OF RESPONSIBILITIES. The board shall develop and...

Section 4002.104. Standards of Conduct Information - Sec. 4002.104. STANDARDS OF CONDUCT INFORMATION. The commissioner or the...

Section 4002.105. Career Ladder Program; Performance Evaluations - Sec. 4002.105. CAREER LADDER PROGRAM; PERFORMANCE EVALUATIONS. (a) The commissioner...

Section 4002.106. Equal Employment Opportunity Policy - Sec. 4002.106. EQUAL EMPLOYMENT OPPORTUNITY POLICY. (a) The commissioner or...

Section 4002.107. Written Employee Complaint Procedure - Sec. 4002.107. WRITTEN EMPLOYEE COMPLAINT PROCEDURE. (a) The commissioner or...

Subchapter D. Powers and Duties of Board and Commissioner

Section 4002.151. Rules - Sec. 4002.151. RULES. (a) Subject to Subsection (b), the board...

Section 4002.152. Rules Regarding Competitive Bidding or Advertising - Sec. 4002.152. RULES REGARDING COMPETITIVE BIDDING OR ADVERTISING. (a) The...

Section 4002.153. Board Delegation of Rulemaking Authority - Sec. 4002.153. BOARD DELEGATION OF RULEMAKING AUTHORITY. (a) The board...

Section 4002.1535. Alternative Rulemaking and Dispute Resolution - Sec. 4002.1535. ALTERNATIVE RULEMAKING AND DISPUTE RESOLUTION. (a) The board...

Section 4002.154. Commissioner Discretion Regarding Rules - Sec. 4002.154. COMMISSIONER DISCRETION REGARDING RULES. In applying the standards...

Section 4002.155. Deposit of Receipts to General Revenue Fund - Sec. 4002.155. DEPOSIT OF RECEIPTS TO GENERAL REVENUE FUND. The...

Section 4002.156. Board Authority to Exercise Commissioner's Powers - Sec. 4002.156. BOARD AUTHORITY TO EXERCISE COMMISSIONER'S POWERS. The board...

Section 4002.157. List of Securities Offered - Sec. 4002.157. LIST OF SECURITIES OFFERED. At any time, the...

Section 4002.158. Record of Proceedings - Sec. 4002.158. RECORD OF PROCEEDINGS. A complete record shall be...

Section 4002.159. Record of Certain Filings and Orders - Sec. 4002.159. RECORD OF CERTAIN FILINGS AND ORDERS. (a) The...

Section 4002.160. Commissioner's Access to Records and Reports of Other State Agencies - Sec. 4002.160. COMMISSIONER'S ACCESS TO RECORDS AND REPORTS OF OTHER...

Section 4002.161. Confidentiality of Certain Information - Sec. 4002.161. CONFIDENTIALITY OF CERTAIN INFORMATION. (a) To the extent...

Section 4002.162. Board Access to Offices and Records - Sec. 4002.162. BOARD ACCESS TO OFFICES AND RECORDS. Each member...

Section 4002.163. Annual Report - Sec. 4002.163. ANNUAL REPORT. On or before January 1 of...

Subchapter E. Consumer Interest and Other Public Interest Information

Section 4002.201. Consumer Interest Information - Sec. 4002.201. CONSUMER INTEREST INFORMATION. (a) The board shall prepare...

Section 4002.202. Public Participation - Sec. 4002.202. PUBLIC PARTICIPATION. The board by rule shall develop...

Section 4002.203. Documents and Other Information Filed With Commissioner; Public Records - Sec. 4002.203. DOCUMENTS AND OTHER INFORMATION FILED WITH COMMISSIONER; PUBLIC...

Chapter 4003 - Securities

Subchapter A. Permit Qualifying Securities for Sale

Section 4003.001. Permit Required; Exceptions - Sec. 4003.001. PERMIT REQUIRED; EXCEPTIONS. (a) A dealer or agent...

Section 4003.002. Permit Application to Qualify Securities for Sale - Sec. 4003.002. PERMIT APPLICATION TO QUALIFY SECURITIES FOR SALE. (a)...

Section 4003.003. Statement of Financial Condition and Income Statement - Sec. 4003.003. STATEMENT OF FINANCIAL CONDITION AND INCOME STATEMENT. (a)...

Section 4003.004. Exceptions to Certification Requirement for Financial Statements - Sec. 4003.004. EXCEPTIONS TO CERTIFICATION REQUIREMENT FOR FINANCIAL STATEMENTS. (a)...

Section 4003.005. Permit Fee - Sec. 4003.005. PERMIT FEE. The commissioner shall charge the fees...

Section 4003.006. Examination of and Determination on Permit Application - Sec. 4003.006. EXAMINATION OF AND DETERMINATION ON PERMIT APPLICATION. (a)...

Section 4003.007. Form and Contents of Permit - Sec. 4003.007. FORM AND CONTENTS OF PERMIT. A permit qualifying...

Section 4003.008. Term of Permit - Sec. 4003.008. TERM OF PERMIT. A permit qualifying securities for...

Section 4003.009. Renewal of Permit - Sec. 4003.009. RENEWAL OF PERMIT. (a) An issuer or registered...

Section 4003.010. Use of Permit for Certain Purposes Prohibited - Sec. 4003.010. USE OF PERMIT FOR CERTAIN PURPOSES PROHIBITED. A...

Subchapter B. Registration by Notification

Section 4003.051. Eligibility for Registration by Notification - Sec. 4003.051. ELIGIBILITY FOR REGISTRATION BY NOTIFICATION. (a) Securities may...

Section 4003.052. Registration Statement Required - Sec. 4003.052. REGISTRATION STATEMENT REQUIRED. (a) To register securities by...

Section 4003.053. Exception to Certification Requirement for Financial Statements - Sec. 4003.053. EXCEPTION TO CERTIFICATION REQUIREMENT FOR FINANCIAL STATEMENTS. Financial...

Section 4003.054. Registration Procedures - Sec. 4003.054. REGISTRATION PROCEDURES. (a) The commissioner shall complete the...

Section 4003.055. Effective Date of Registration by Notification - Sec. 4003.055. EFFECTIVE DATE OF REGISTRATION BY NOTIFICATION. (a) Except...

Section 4003.056. Effect of Registration by Notification - Sec. 4003.056. EFFECT OF REGISTRATION BY NOTIFICATION. On registration of...

Section 4003.057. Term of Registration - Sec. 4003.057. TERM OF REGISTRATION. A registration of securities by...

Section 4003.058. Renewal of Registration - Sec. 4003.058. RENEWAL OF REGISTRATION. A registration of securities by...

Section 4003.059. Insufficient or Fraudulent Registration Statement - Sec. 4003.059. INSUFFICIENT OR FRAUDULENT REGISTRATION STATEMENT. (a) If at...

Subchapter C. Registration by Coordination

Section 4003.101. Eligibility for Registration by Coordination - Sec. 4003.101. ELIGIBILITY FOR REGISTRATION BY COORDINATION. A security may...

Section 4003.102. Registration Statement Required - Sec. 4003.102. REGISTRATION STATEMENT REQUIRED. To register securities by coordination,...

Section 4003.103. Examination of and Determination on Registration Statement - Sec. 4003.103. EXAMINATION OF AND DETERMINATION ON REGISTRATION STATEMENT. (a)...

Section 4003.104. Term of Registration - Sec. 4003.104. TERM OF REGISTRATION. (a) Except as provided by...

Section 4003.105. Renewal of Registration - Sec. 4003.105. RENEWAL OF REGISTRATION. (a) Except as provided by...

Subchapter D. Prohibited Sales

Section 4003.151. Certain Sales Prohibited - Sec. 4003.151. CERTAIN SALES PROHIBITED. If the sale of a...

Subchapter E. Regulation of Offers

Section 4003.201. Definition - Sec. 4003.201. DEFINITION. In this subchapter, "broadcast offer" means an...

Section 4003.202. Applicability - Sec. 4003.202. APPLICABILITY. This subchapter does not apply to transactions...

Section 4003.203. Authorized Written, Printed, or Broadcast Offers - Sec. 4003.203. AUTHORIZED WRITTEN, PRINTED, OR BROADCAST OFFERS. A person...

Section 4003.204. Authorized Oral Offers - Sec. 4003.204. AUTHORIZED ORAL OFFERS. (a) In this section, "oral...

Section 4003.205. Dealer Named in Offer - Sec. 4003.205. DEALER NAMED IN OFFER. A dealer whose name...

Section 4003.206. Effect of Compliance or Noncompliance - Sec. 4003.206. EFFECT OF COMPLIANCE OR NONCOMPLIANCE. (a) An offer...

Subchapter F. Crowdfunding

Section 4003.251. Definition - Sec. 4003.251. DEFINITION. In this subchapter, "authorized small business development...

Section 4003.252. Crowdfunding - Sec. 4003.252. CROWDFUNDING. (a) The board shall adopt rules to...

Subchapter G. Protection for Purchasers of Securities

Section 4003.301. Deposit in Trust Account - Sec. 4003.301. DEPOSIT IN TRUST ACCOUNT. (a) If the commissioner...

Section 4003.302. Marketing Expenses - Sec. 4003.302. MARKETING EXPENSES. (a) Total expenses for marketing securities,...

Section 4003.303. Prospectus Required for Certain Offers - Sec. 4003.303. PROSPECTUS REQUIRED FOR CERTAIN OFFERS. (a) Except as...

Section 4003.304. Investor Education - Sec. 4003.304. INVESTOR EDUCATION. (a) The commissioner, with board approval,...

Chapter 4004 - Regulation of Dealers, Investment Advisers, Dealers' Agents, and Investment Adviser Representatives

Subchapter A. General Provisions

Section 4004.001. Rules for Exemption From Registration Requirements - Sec. 4004.001. RULES FOR EXEMPTION FROM REGISTRATION REQUIREMENTS. The board...

Section 4004.002. Certain Displays or Advertisement of Registration Prohibited - Sec. 4004.002. CERTAIN DISPLAYS OR ADVERTISEMENT OF REGISTRATION PROHIBITED. Except...

Section 4004.003. Display of Information Regarding Complaints - Sec. 4004.003. DISPLAY OF INFORMATION REGARDING COMPLAINTS. A dealer, agent,...

Subchapter B. Registration of Dealers and Investment Advisers

Section 4004.051. Registration of Dealers Required - Sec. 4004.051. REGISTRATION OF DEALERS REQUIRED. Except as provided by...

Section 4004.052. Registration of Investment Advisers Required - Sec. 4004.052. REGISTRATION OF INVESTMENT ADVISERS REQUIRED. Except as provided...

Section 4004.053. Application for Registration - Sec. 4004.053. APPLICATION FOR REGISTRATION. (a) To be registered, a...

Section 4004.054. Issuance of Registration Certificate - Sec. 4004.054. ISSUANCE OF REGISTRATION CERTIFICATE. The commissioner shall issue...

Section 4004.055. Form and Contents of Registration Certificate - Sec. 4004.055. FORM AND CONTENTS OF REGISTRATION CERTIFICATE. The registration...

Section 4004.056. Temporary Permission to Engage in Business as Dealer or Investment Adviser - Sec. 4004.056. TEMPORARY PERMISSION TO ENGAGE IN BUSINESS AS DEALER...

Section 4004.057. Amendment of Registration Certificate - Sec. 4004.057. AMENDMENT OF REGISTRATION CERTIFICATE. (a) A dealer or...

Section 4004.058. Posting Registration Certificates - Sec. 4004.058. POSTING REGISTRATION CERTIFICATES. On receipt of a registration...

Subchapter C. Registration of Agents and Investment Adviser Representatives

Section 4004.101. Registration of Agents - Sec. 4004.101. REGISTRATION OF AGENTS. (a) An agent may not,...

Section 4004.102. Registration of Investment Adviser Representatives - Sec. 4004.102. REGISTRATION OF INVESTMENT ADVISER REPRESENTATIVES. (a) A person...

Section 4004.103. Application for Registration - Sec. 4004.103. APPLICATION FOR REGISTRATION. The application described by Sections...

Section 4004.104. Issuance of Evidence of Registration - Sec. 4004.104. ISSUANCE OF EVIDENCE OF REGISTRATION. For each person...

Section 4004.105. Form and Contents of Evidence of Registration - Sec. 4004.105. FORM AND CONTENTS OF EVIDENCE OF REGISTRATION. The...

Section 4004.106. Cancellation of Registration - Sec. 4004.106. CANCELLATION OF REGISTRATION. On application by a registered...

Subchapter D. Examination Requirements

Section 4004.151. Examination Requirements - Sec. 4004.151. EXAMINATION REQUIREMENTS. (a) Except as provided by Subsection...

Section 4004.152. Examination Results - Sec. 4004.152. EXAMINATION RESULTS. (a) Except as provided by Subsection...

Subchapter E. Denial or Revocation of Registration

Section 4004.201. Denial of Registration - Sec. 4004.201. DENIAL OF REGISTRATION. The commissioner may deny an...

Section 4004.202. Automatic Revocation of Registration of Agents and Investment Adviser Representatives After Revocation of Registration of Dealer or Investment Adviser - Sec. 4004.202. AUTOMATIC REVOCATION OF REGISTRATION OF AGENTS AND INVESTMENT...

Subchapter F. Expiration and Renewal of Registration

Section 4004.251. Expiration of Registration - Sec. 4004.251. EXPIRATION OF REGISTRATION. Except as provided by Sections...

Section 4004.252. Renewal of Registration - Sec. 4004.252. RENEWAL OF REGISTRATION. (a) A person may renew...

Section 4004.253. Staggered Renewal; Proration of Registration Renewal Fee - Sec. 4004.253. STAGGERED RENEWAL; PRORATION OF REGISTRATION RENEWAL FEE. (a)...

Section 4004.254. Notice of Expiration Required - Sec. 4004.254. NOTICE OF EXPIRATION REQUIRED. Not later than the...

Section 4004.255. Renewal of Expired Registration - Sec. 4004.255. RENEWAL OF EXPIRED REGISTRATION. (a) A person whose...

Section 4004.256. Effect of Expired Registration - Sec. 4004.256. EFFECT OF EXPIRED REGISTRATION. A person who sells...

Section 4004.257. Continuing Education - Sec. 4004.257. CONTINUING EDUCATION. (a) The board may recognize, prepare,...

Subchapter G. Notice Filings of Federal Covered Investment Advisers and Certain Representatives of Federal Covered Investment Advisers

Section 4004.301. Applicability - Sec. 4004.301. APPLICABILITY. This subchapter does not apply to an...

Section 4004.302. Notice Filing - Sec. 4004.302. NOTICE FILING. The board by rule shall authorize...

Section 4004.303. Effective Date of Notice Filing - Sec. 4004.303. EFFECTIVE DATE OF NOTICE FILING. On the commissioner's...

Section 4004.304. Renewal - Sec. 4004.304. RENEWAL. A federal covered investment adviser or a...

Subchapter H. Requirements for Protection of Vulnerable Adults From Financial Exploitation

Section 4004.351. Definitions - Sec. 4004.351. DEFINITIONS. In this subchapter: (1) "Department" means the...

Section 4004.352. Reporting Suspected Financial Exploitation of Vulnerable Adults - Sec. 4004.352. REPORTING SUSPECTED FINANCIAL EXPLOITATION OF VULNERABLE ADULTS. (a)...

Section 4004.353. Form and Content of Report - Sec. 4004.353. FORM AND CONTENT OF REPORT. The board by...

Section 4004.354. Notifying Third Parties of Suspected Financial Exploitation of Vulnerable Adults - Sec. 4004.354. NOTIFYING THIRD PARTIES OF SUSPECTED FINANCIAL EXPLOITATION OF...

Section 4004.355. Temporary Hold on Transactions in Certain Cases of Suspected Financial Exploitation of Vulnerable Adults - Sec. 4004.355. TEMPORARY HOLD ON TRANSACTIONS IN CERTAIN CASES OF...

Section 4004.356. Immunity - Sec. 4004.356. IMMUNITY. (a) A securities professional or person serving...

Section 4004.357. Records - Sec. 4004.357. RECORDS. To the extent permitted by state or...

Chapter 4005 - Exemptions

Subchapter A. Exempt Transactions

Section 4005.001. Scope of Exemption - Sec. 4005.001. SCOPE OF EXEMPTION. Except as expressly provided otherwise...

Section 4005.002. Court Supervised Sales - Sec. 4005.002. COURT SUPERVISED SALES. The exemption provided by Section...

Section 4005.003. Pledged Securities - Sec. 4005.003. PLEDGED SECURITIES. The exemption provided by Section 4005.001...

Section 4005.004. Isolated Transactions - Sec. 4005.004. ISOLATED TRANSACTIONS. (a) The exemption provided by Section...

Section 4005.005. Insurance Company Sales - Sec. 4005.005. INSURANCE COMPANY SALES. (a) The exemption provided by...

Section 4005.006. Stock Dividends - Sec. 4005.006. STOCK DIVIDENDS. The exemption provided by Section 4005.001...

Section 4005.007. Existing Security Holders - Sec. 4005.007. EXISTING SECURITY HOLDERS. (a) In this section, "existing...

Section 4005.008. Financial Distress - Sec. 4005.008. FINANCIAL DISTRESS. (a) The exemption provided by Section...

Section 4005.009. Merger, Consolidation, and Asset Sales - Sec. 4005.009. MERGER, CONSOLIDATION, AND ASSET SALES. (a) The exemption...

Section 4005.010. Exchange of Shares - Sec. 4005.010. EXCHANGE OF SHARES. (a) The exemption provided by...

Section 4005.011. Institutional Investors - Sec. 4005.011. INSTITUTIONAL INVESTORS. The exemption provided by Section 4005.001...

Section 4005.012. Private Limited Offerings - Sec. 4005.012. PRIVATE LIMITED OFFERINGS. (a) The exemption provided by...

Section 4005.013. Compensation Plans and Contracts - Sec. 4005.013. COMPENSATION PLANS AND CONTRACTS. The exemption provided by...

Section 4005.014. Mortgages and Liens - Sec. 4005.014. MORTGAGES AND LIENS. The exemption provided by Section...

Section 4005.015. Nonprofits - Sec. 4005.015. NONPROFITS. The exemption provided by Section 4005.001 applies...

Section 4005.016. Financial Institutions - Sec. 4005.016. FINANCIAL INSTITUTIONS. The exemption provided by Section 4005.001...

Section 4005.017. Government Issuance or Guarantee - Sec. 4005.017. GOVERNMENT ISSUANCE OR GUARANTEE. The exemption provided by...

Section 4005.018. Cooperatives - Sec. 4005.018. COOPERATIVES. (a) The exemption provided by Section 4005.001...

Section 4005.019. Secondary Market Sales - Sec. 4005.019. SECONDARY MARKET SALES. (a) In this section, "recognized...

Section 4005.020. Unsolicited Orders - Sec. 4005.020. UNSOLICITED ORDERS. The exemption provided by Section 4005.001...

Section 4005.021. Oil, Gas, or Mining Interests - Sec. 4005.021. OIL, GAS, OR MINING INTERESTS. (a) Subject to...

Section 4005.022. Issuer Sales of Exempt Securities - Sec. 4005.022. ISSUER SALES OF EXEMPT SECURITIES. (a) The exemption...

Section 4005.023. Options - Sec. 4005.023. OPTIONS. (a) In this section, "option" means and...

Section 4005.024. Exemptions by Rule or Order - Sec. 4005.024. EXEMPTIONS BY RULE OR ORDER. The exemption provided...

Section 4005.025. Issuance or Transfer to Nonprofits - Sec. 4005.025. ISSUANCE OR TRANSFER TO NONPROFITS. The exemption provided...

Subchapter B. Exempt Securities

Section 4005.051. Scope of Exemption - Sec. 4005.051. SCOPE OF EXEMPTION. Except as expressly provided otherwise...

Section 4005.052. Railroads or Utilities - Sec. 4005.052. RAILROADS OR UTILITIES. The exemption provided by Section...

Section 4005.053. Nonprofit Corporations - Sec. 4005.053. NONPROFIT CORPORATIONS. The exemption provided by Section 4005.051...

Section 4005.054. Listed Securities - Sec. 4005.054. LISTED SECURITIES. (a) The exemption provided by Section...

Section 4005.055. Commercial Paper - Sec. 4005.055. COMMERCIAL PAPER. The exemption provided by Section 4005.051...

Section 4005.056. Secured Debt - Sec. 4005.056. SECURED DEBT. The exemption provided by Section 4005.051...

Section 4005.057. Nonprofit Debt - Sec. 4005.057. NONPROFIT DEBT. The exemption provided by Section 4005.051...

Section 4005.058. Suspension of Exempt Status of Trading System - Sec. 4005.058. SUSPENSION OF EXEMPT STATUS OF TRADING SYSTEM. (a)...

Subchapter C. Procedures for Approval of Stock Exchange

Section 4005.101. Application for Approval - Sec. 4005.101. APPLICATION FOR APPROVAL. An organized stock exchange may...

Section 4005.102. Approval of Stock Exchange - Sec. 4005.102. APPROVAL OF STOCK EXCHANGE. The commissioner may approve...

Section 4005.103. Investigation and Hearing - Sec. 4005.103. INVESTIGATION AND HEARING. The commissioner may approve a...

Section 4005.104. Order of Approval - Sec. 4005.104. ORDER OF APPROVAL. The commissioner's approval of a...

Section 4005.105. Withdrawal of Approval - Sec. 4005.105. WITHDRAWAL OF APPROVAL. At any time, the commissioner,...

Chapter 4006 - Fees

Subchapter A. Certain Registration and Notice Filing Fees

Section 4006.001. Certain Registration and Notice Filing Fees - Sec. 4006.001. CERTAIN REGISTRATION AND NOTICE FILING FEES. The board...

Subchapter B. Exemption Fees and Other Fees

Section 4006.051. Notice for Secondary Trading Exemption - Sec. 4006.051. NOTICE FOR SECONDARY TRADING EXEMPTION. The commissioner or...

Section 4006.052. Notice for Limited Offering Exemption - Sec. 4006.052. NOTICE FOR LIMITED OFFERING EXEMPTION. (a) Subject to...

Section 4006.053. Application for Approval of Stock Exchange - Sec. 4006.053. APPLICATION FOR APPROVAL OF STOCK EXCHANGE. The commissioner...

Section 4006.054. Amendment or Duplicate of Registration Certificate or Evidence of Registration - Sec. 4006.054. AMENDMENT OR DUPLICATE OF REGISTRATION CERTIFICATE OR EVIDENCE...

Section 4006.056. Certified Copies - Sec. 4006.056. CERTIFIED COPIES. (a) For a certified copy of...

Section 4006.057. Request to Take Examination - Sec. 4006.057. REQUEST TO TAKE EXAMINATION. The commissioner or board...

Section 4006.058. Interpretation by General Counsel - Sec. 4006.058. INTERPRETATION BY GENERAL COUNSEL. (a) Except as provided...

Subchapter C. Provisions Applicable to Certain Fees

Section 4006.101. Reasonable and Necessary Requirement - Sec. 4006.101. REASONABLE AND NECESSARY REQUIREMENT. Subject to Subchapter A,...

Section 4006.102. Reduced Fees - Sec. 4006.102. REDUCED FEES. (a) The board by rule may...

Section 4006.103. Payment of Certain Costs - Sec. 4006.103. PAYMENT OF CERTAIN COSTS. A cost incurred by...

Section 4006.104. Refund of Registration Fee - Sec. 4006.104. REFUND OF REGISTRATION FEE. If the commissioner or...

Subchapter D. Fees for Certain Sales or Offers of Securities

Section 4006.151. Fee for Sale of Excess Securities - Sec. 4006.151. FEE FOR SALE OF EXCESS SECURITIES. (a) An...

Section 4006.152. Fee for Exceeding Limited Offering Exemption - Sec. 4006.152. FEE FOR EXCEEDING LIMITED OFFERING EXEMPTION. (a) This...

Section 4006.153. Fee for Sales of Unregistered Securities - Sec. 4006.153. FEE FOR SALES OF UNREGISTERED SECURITIES. (a) If,...

Subchapter E. Miscellaneous Fees

Section 4006.201. Renewal of Registration by Notification - Sec. 4006.201. RENEWAL OF REGISTRATION BY NOTIFICATION. A registration of...

Subchapter F. Deposit of Fees

Section 4006.251. Deposit of Fees to General Revenue Fund - Sec. 4006.251. DEPOSIT OF FEES TO GENERAL REVENUE FUND. The...

Section 4006.252. Daily Deposit of Certain Fees - Sec. 4006.252. DAILY DEPOSIT OF CERTAIN FEES. The commissioner or...

Chapter 4007 - Enforcement

Subchapter A. Authority to Enforce Title

Section 4007.001. Enforcement by Commissioner, Attorney General, and District or County Attorney - Sec. 4007.001. ENFORCEMENT BY COMMISSIONER, ATTORNEY GENERAL, AND DISTRICT OR...

Section 4007.002. Means of Enforcement Not Exclusive - Sec. 4007.002. MEANS OF ENFORCEMENT NOT EXCLUSIVE. The commissioner may...

Subchapter B. Inspections and Investigations

Section 4007.051. Complaints Filed With Commissioner or Board - Sec. 4007.051. COMPLAINTS FILED WITH COMMISSIONER OR BOARD. (a) The...

Section 4007.052. Inspections - Sec. 4007.052. INSPECTIONS. (a) The commissioner without notice may inspect...

Section 4007.053. Investigative Authority - Sec. 4007.053. INVESTIGATIVE AUTHORITY. (a) The commissioner shall conduct investigations...

Section 4007.054. Service of Subpoena, Summons, or Other Process - Sec. 4007.054. SERVICE OF SUBPOENA, SUMMONS, OR OTHER PROCESS. (a)...

Section 4007.055. Enforcement of Subpoena; Contempt - Sec. 4007.055. ENFORCEMENT OF SUBPOENA; CONTEMPT. (a) If a person...

Section 4007.056. Confidentiality of Investigative Information - Sec. 4007.056. CONFIDENTIALITY OF INVESTIGATIVE INFORMATION. (a) All information received...

Section 4007.057. Compensation of Witnesses - Sec. 4007.057. COMPENSATION OF WITNESSES. (a) A witness required to...

Section 4007.058. Imposition of Costs on Parties - Sec. 4007.058. IMPOSITION OF COSTS ON PARTIES. The commissioner may...

Section 4007.059. Assistance to Securities Regulators in Other Jurisdictions - Sec. 4007.059. ASSISTANCE TO SECURITIES REGULATORS IN OTHER JURISDICTIONS. (a)...

Subchapter C. Administrative Actions

Section 4007.101. Cease and Desist Order: Offer or Sale of Securities - Sec. 4007.101. CEASE AND DESIST ORDER: OFFER OR SALE OF...

Section 4007.102. Cease and Desist Order: Investment Adviser or Investment Adviser Representative - Sec. 4007.102. CEASE AND DESIST ORDER: INVESTMENT ADVISER OR INVESTMENT...

Section 4007.103. Cease Publication Order - Sec. 4007.103. CEASE PUBLICATION ORDER. (a) Notwithstanding any provision of...

Section 4007.104. Emergency Cease and Desist Order - Sec. 4007.104. EMERGENCY CEASE AND DESIST ORDER. (a) On the...

Section 4007.105. Denial, Suspension, or Revocation of Registration - Sec. 4007.105. DENIAL, SUSPENSION, OR REVOCATION OF REGISTRATION. (a) The...

Section 4007.106. Assessment of Administrative Fine - Sec. 4007.106. ASSESSMENT OF ADMINISTRATIVE FINE. (a) In addition to...

Section 4007.107. Hearings on Certain Matters - Sec. 4007.107. HEARINGS ON CERTAIN MATTERS. (a) A person or...

Section 4007.108. Refund - Sec. 4007.108. REFUND. (a) Subject to Subsection (b), the commissioner...

Subchapter D. Civil Proceedings

Section 4007.151. Receivership - Sec. 4007.151. RECEIVERSHIP. (a) This section applies only to a...

Section 4007.152. Injunctive Relief - Sec. 4007.152. INJUNCTIVE RELIEF. (a) The commissioner may request the...

Section 4007.153. Equitable Relief and Restitution - Sec. 4007.153. EQUITABLE RELIEF AND RESTITUTION. (a) On the commissioner's...

Section 4007.154. Civil Penalty - Sec. 4007.154. CIVIL PENALTY. (a) On the commissioner's request, the...

Section 4007.155. Recovery of Costs - Sec. 4007.155. RECOVERY OF COSTS. In an action brought under...

Subchapter E. Criminal Provisions

Section 4007.201. Unauthorized Sale of Securities; Offense - Sec. 4007.201. UNAUTHORIZED SALE OF SECURITIES; OFFENSE. (a) A person...

Section 4007.202. Unauthorized Rendering of Services as Investment Adviser or Investment Adviser Representative; Offense - Sec. 4007.202. UNAUTHORIZED RENDERING OF SERVICES AS INVESTMENT ADVISER OR...

Section 4007.203. Fraudulent Conduct; Offense - Sec. 4007.203. FRAUDULENT CONDUCT; OFFENSE. (a) A person commits an...

Section 4007.204. Materially False Statement in Document or Proceeding; Offense - Sec. 4007.204. MATERIALLY FALSE STATEMENT IN DOCUMENT OR PROCEEDING; OFFENSE....

Section 4007.205. False Statement or Representation Concerning Registration; Offense - Sec. 4007.205. FALSE STATEMENT OR REPRESENTATION CONCERNING REGISTRATION; OFFENSE. (a)...

Section 4007.206. Violation of Cease and Desist Order; Offense - Sec. 4007.206. VIOLATION OF CEASE AND DESIST ORDER; OFFENSE. (a)...

Section 4007.207. Noncompliant Offer or Offer Prohibited by Cease Publication Order; Offense - Sec. 4007.207. NONCOMPLIANT OFFER OR OFFER PROHIBITED BY CEASE PUBLICATION...

Section 4007.208. Aggregation of Amounts - Sec. 4007.208. AGGREGATION OF AMOUNTS. When amounts are obtained in...

Section 4007.209. Liability of Corporation - Sec. 4007.209. LIABILITY OF CORPORATION. (a) In this section: (1)...

Chapter 4008 - Private Rights of Action

Subchapter A. General Provisions

Section 4008.001. Unenforceability of Illegal Contracts - Sec. 4008.001. UNENFORCEABILITY OF ILLEGAL CONTRACTS. A person may not...

Section 4008.002. Certain Waivers Void - Sec. 4008.002. CERTAIN WAIVERS VOID. A condition, stipulation, or provision...

Section 4008.003. Action for Collection of Commission or Compensation - Sec. 4008.003. ACTION FOR COLLECTION OF COMMISSION OR COMPENSATION. (a)...

Section 4008.004. Stay of Recognition or Enforcement of Foreign-Country Judgment - Sec. 4008.004. STAY OF RECOGNITION OR ENFORCEMENT OF FOREIGN-COUNTRY JUDGMENT....

Section 4008.005. Survivability of Action - Sec. 4008.005. SURVIVABILITY OF ACTION. A cause of action under...

Section 4008.006. Saving of Existing Rights and Remedies - Sec. 4008.006. SAVING OF EXISTING RIGHTS AND REMEDIES. The rights...

Subchapter B. Civil Liability for Issuance, Sale, or Purchase of Securities

Section 4008.051. Offeror or Seller Liability: Registration and Related Violations - Sec. 4008.051. OFFEROR OR SELLER LIABILITY: REGISTRATION AND RELATED VIOLATIONS....

Section 4008.052. Offeror or Seller Liability: Untruth or Omission - Sec. 4008.052. OFFEROR OR SELLER LIABILITY: UNTRUTH OR OMISSION. (a)...

Section 4008.053. Buyer Liability - Sec. 4008.053. BUYER LIABILITY. (a) Except as provided by Subsection...

Section 4008.054. Nonselling Issuer Liability - Sec. 4008.054. NONSELLING ISSUER LIABILITY. (a) This section applies only...

Section 4008.055. Controlling Person or Aider Liability - Sec. 4008.055. CONTROLLING PERSON OR AIDER LIABILITY. (a) Except as...

Section 4008.056. Rescission - Sec. 4008.056. RESCISSION. (a) On rescission under this subchapter, a...

Section 4008.057. Damages - Sec. 4008.057. DAMAGES. (a) In damages under this subchapter, a...

Section 4008.058. Requirements of Rescission Offer to Buyers - Sec. 4008.058. REQUIREMENTS OF RESCISSION OFFER TO BUYERS. (a) A...

Section 4008.059. Requirements of Rescission Offer to Sellers - Sec. 4008.059. REQUIREMENTS OF RESCISSION OFFER TO SELLERS. (a) A...

Section 4008.060. Costs; Attorney's Fees - Sec. 4008.060. COSTS; ATTORNEY'S FEES. (a) On rescission or as...

Section 4008.061. Limitation of Liability in Small Business Issuances - Sec. 4008.061. LIMITATION OF LIABILITY IN SMALL BUSINESS ISSUANCES. (a)...

Section 4008.062. Statute of Limitations - Sec. 4008.062. STATUTE OF LIMITATIONS. (a) A person may not...

Subchapter C. Civil Liability of Investment Advisers and Investment Adviser Representatives

Section 4008.101. Investment Adviser or Investment Adviser Representative Liability - Sec. 4008.101. INVESTMENT ADVISER OR INVESTMENT ADVISER REPRESENTATIVE LIABILITY. (a)...

Section 4008.102. Controlling Person or Aider Liability - Sec. 4008.102. CONTROLLING PERSON OR AIDER LIABILITY. (a) Except as...

Section 4008.103. Damages - Sec. 4008.103. DAMAGES. In damages under Section 4008.101(b), the purchaser...

Section 4008.104. Statute of Limitations - Sec. 4008.104. STATUTE OF LIMITATIONS. (a) A person may not...

Section 4008.105. Remedy Not Exclusive - Sec. 4008.105. REMEDY NOT EXCLUSIVE. A remedy provided by this...

<< Previous

Texas Statutes Government Code Title 12 - Securities Act

Texas Statutes
Government Code
Title 12 - Securities Act