(a) An offer to sell a security that complies with Section 4003.203 or 4003.204 does not violate Subchapter A, B, or C.
(b) An offer to sell a security that does not comply with Section 4003.203 or 4003.204 violates this title.
EFFECT OF COMPLIANCE OR NONCOMPLIANCE
Known as the The Securities Act
The act spans §§ 4001.001 to 4008.105 (251 sections).
Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff
(a) An offer to sell a security that complies with Section 4003.203 or 4003.204 does not violate Subchapter A, B, or C.
(b) An offer to sell a security that does not comply with Section 4003.203 or 4003.204 violates this title.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.