Sec. 4003.055. EFFECTIVE DATE OF REGISTRATION BY NOTIFICATION. (a) Except as provided by Subsection (b), the registration of securities by notification takes effect five days after the date the commissioner receives the registration statement filed under Section 4003.052 and all accompanying papers.
(b) The commissioner may waive or reduce the five-day waiting period if the commissioner determines that the public will not be injured by the waiver or reduction of the waiting period.
Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.
Structure Texas Statutes
Subchapter B. Registration by Notification
Section 4003.051. Eligibility for Registration by Notification
Section 4003.052. Registration Statement Required
Section 4003.053. Exception to Certification Requirement for Financial Statements
Section 4003.054. Registration Procedures
Section 4003.055. Effective Date of Registration by Notification
Section 4003.056. Effect of Registration by Notification
Section 4003.057. Term of Registration
Section 4003.058. Renewal of Registration
Section 4003.059. Insufficient or Fraudulent Registration Statement