The Securities Act

Overview

The provisions of this title are severable. If any provision of this title is declared void or unconstitutional, the remaining provisions of this title would have been enacted notwithstanding such judicial determination of the invalidity of the provision, and the remaining provisions shall remain in effect.

Sections covered

• Tex. Gov't Code § 4001.001SHORT TITLE
• Tex. Gov't Code § 4001.002PURPOSES; CONSTRUCTION
• Tex. Gov't Code § 4001.003SEVERABILITY
• Tex. Gov't Code § 4001.051APPLICABILITY OF DEFINITIONS; CONSTRUCTION OF CERTAIN CONJUNCTIONS
• Tex. Gov't Code § 4001.052AGENT
• Tex. Gov't Code § 4001.053BOARD
• Tex. Gov't Code § 4001.054BROKER
• Tex. Gov't Code § 4001.055COMMISSIONER
• Tex. Gov't Code § 4001.056DEALER
• Tex. Gov't Code § 4001.057FEDERAL COVERED INVESTMENT ADVISER
• Tex. Gov't Code § 4001.058FRAUD; FRAUDULENT PRACTICE
• Tex. Gov't Code § 4001.059INVESTMENT ADVISER
• Tex. Gov't Code § 4001.060INVESTMENT ADVISER REPRESENTATIVE
• Tex. Gov't Code § 4001.061ISSUER
• Tex. Gov't Code § 4001.062MORTGAGE
• Tex. Gov't Code § 4001.063NO PAR VALUE; PAR VALUE
• Tex. Gov't Code § 4001.064PERSON; COMPANY
• Tex. Gov't Code § 4001.065REGISTERED DEALER
• Tex. Gov't Code § 4001.066REGISTERED INVESTMENT ADVISER
• Tex. Gov't Code § 4001.067SALE; OFFER FOR SALE; SELL
• Tex. Gov't Code § 4001.068SECURITY
• Tex. Gov't Code § 4001.101SUFFICIENCY OF NOTICE
• Tex. Gov't Code § 4001.102CONSENT FOR SERVICE OF PROCESS
• Tex. Gov't Code § 4001.151PROSECUTION UNDER CERTAIN OTHER LAW
• Tex. Gov't Code § 4001.152GOOD FAITH
• Tex. Gov't Code § 4001.153BURDEN OF PROOF ON EXEMPTION
• Tex. Gov't Code § 4001.154CERTIFIED COPIES OF CERTAIN DOCUMENTS OR INSTRUMENTS AS EVIDENCE
• Tex. Gov't Code § 4001.155PROOF OF CERTAIN RECORDS
• Tex. Gov't Code § 4002.001APPLICABILITY OF OTHER LAW
• Tex. Gov't Code § 4002.002SUNSET PROVISION
• Tex. Gov't Code § 4002.051APPOINTMENT OF BOARD
• Tex. Gov't Code § 4002.052MEMBERSHIP ELIGIBILITY
• Tex. Gov't Code § 4002.053MEMBERSHIP AND EMPLOYEE RESTRICTIONS
• Tex. Gov't Code § 4002.054TERMS; VACANCY
• Tex. Gov't Code § 4002.055PRESIDING OFFICER
• Tex. Gov't Code § 4002.056GROUNDS FOR REMOVAL
• Tex. Gov't Code § 4002.057PER DIEM
• Tex. Gov't Code § 4002.058BOARD MEMBER TRAINING
• Tex. Gov't Code § 4002.101SECURITIES COMMISSIONER
• Tex. Gov't Code § 4002.102DEPUTY SECURITIES COMMISSIONER; SECURITIES COMMISSIONER APPOINTEES
• Tex. Gov't Code § 4002.103DIVISION OF RESPONSIBILITIES
• Tex. Gov't Code § 4002.104STANDARDS OF CONDUCT INFORMATION
• Tex. Gov't Code § 4002.105CAREER LADDER PROGRAM; PERFORMANCE EVALUATIONS
• Tex. Gov't Code § 4002.106EQUAL EMPLOYMENT OPPORTUNITY POLICY
• Tex. Gov't Code § 4002.107WRITTEN EMPLOYEE COMPLAINT PROCEDURE
• Tex. Gov't Code § 4002.151RULES
• Tex. Gov't Code § 4002.152RULES REGARDING COMPETITIVE BIDDING OR ADVERTISING
• Tex. Gov't Code § 4002.153BOARD DELEGATION OF RULEMAKING AUTHORITY
• Tex. Gov't Code § 4002.1535ALTERNATIVE RULEMAKING AND DISPUTE RESOLUTION
• Tex. Gov't Code § 4002.154COMMISSIONER DISCRETION REGARDING RULES
• Tex. Gov't Code § 4002.155DEPOSIT OF RECEIPTS TO GENERAL REVENUE FUND
• Tex. Gov't Code § 4002.156BOARD AUTHORITY TO EXERCISE COMMISSIONER'S POWERS
• Tex. Gov't Code § 4002.157LIST OF SECURITIES OFFERED
• Tex. Gov't Code § 4002.158RECORD OF PROCEEDINGS
• Tex. Gov't Code § 4002.159RECORD OF CERTAIN FILINGS AND ORDERS
• Tex. Gov't Code § 4002.160COMMISSIONER'S ACCESS TO RECORDS AND REPORTS OF OTHER STATE AGENCIES
• Tex. Gov't Code § 4002.161CONFIDENTIALITY OF CERTAIN INFORMATION
• Tex. Gov't Code § 4002.162BOARD ACCESS TO OFFICES AND RECORDS
• Tex. Gov't Code § 4002.163ANNUAL REPORT
• Tex. Gov't Code § 4002.201CONSUMER INTEREST INFORMATION
• Tex. Gov't Code § 4002.202PUBLIC PARTICIPATION
• Tex. Gov't Code § 4002.203DOCUMENTS AND OTHER INFORMATION FILED WITH COMMISSIONER; PUBLIC RECORDS
• Tex. Gov't Code § 4003.001PERMIT REQUIRED; EXCEPTIONS
• Tex. Gov't Code § 4003.002PERMIT APPLICATION TO QUALIFY SECURITIES FOR SALE
• Tex. Gov't Code § 4003.003STATEMENT OF FINANCIAL CONDITION AND INCOME STATEMENT
• Tex. Gov't Code § 4003.004EXCEPTIONS TO CERTIFICATION REQUIREMENT FOR FINANCIAL STATEMENTS
• Tex. Gov't Code § 4003.005PERMIT FEE
• Tex. Gov't Code § 4003.006EXAMINATION OF AND DETERMINATION ON PERMIT APPLICATION
• Tex. Gov't Code § 4003.007FORM AND CONTENTS OF PERMIT
• Tex. Gov't Code § 4003.008TERM OF PERMIT
• Tex. Gov't Code § 4003.009RENEWAL OF PERMIT
• Tex. Gov't Code § 4003.010USE OF PERMIT FOR CERTAIN PURPOSES PROHIBITED
• Tex. Gov't Code § 4003.051ELIGIBILITY FOR REGISTRATION BY NOTIFICATION
• Tex. Gov't Code § 4003.052REGISTRATION STATEMENT REQUIRED
• Tex. Gov't Code § 4003.053EXCEPTION TO CERTIFICATION REQUIREMENT FOR FINANCIAL STATEMENTS
• Tex. Gov't Code § 4003.054REGISTRATION PROCEDURES
• Tex. Gov't Code § 4003.055EFFECTIVE DATE OF REGISTRATION BY NOTIFICATION
• Tex. Gov't Code § 4003.056EFFECT OF REGISTRATION BY NOTIFICATION
• Tex. Gov't Code § 4003.057TERM OF REGISTRATION
• Tex. Gov't Code § 4003.058RENEWAL OF REGISTRATION
• Tex. Gov't Code § 4003.059INSUFFICIENT OR FRAUDULENT REGISTRATION STATEMENT
• Tex. Gov't Code § 4003.101ELIGIBILITY FOR REGISTRATION BY COORDINATION
• Tex. Gov't Code § 4003.102REGISTRATION STATEMENT REQUIRED
• Tex. Gov't Code § 4003.103EXAMINATION OF AND DETERMINATION ON REGISTRATION STATEMENT
• Tex. Gov't Code § 4003.104TERM OF REGISTRATION
• Tex. Gov't Code § 4003.105RENEWAL OF REGISTRATION
• Tex. Gov't Code § 4003.151CERTAIN SALES PROHIBITED
• Tex. Gov't Code § 4003.201DEFINITION
• Tex. Gov't Code § 4003.202APPLICABILITY
• Tex. Gov't Code § 4003.203AUTHORIZED WRITTEN, PRINTED, OR BROADCAST OFFERS
• Tex. Gov't Code § 4003.204AUTHORIZED ORAL OFFERS
• Tex. Gov't Code § 4003.205DEALER NAMED IN OFFER
• Tex. Gov't Code § 4003.206EFFECT OF COMPLIANCE OR NONCOMPLIANCE
• Tex. Gov't Code § 4003.251DEFINITION
• Tex. Gov't Code § 4003.252CROWDFUNDING
• Tex. Gov't Code § 4003.301DEPOSIT IN TRUST ACCOUNT
• Tex. Gov't Code § 4003.302MARKETING EXPENSES
• Tex. Gov't Code § 4003.303PROSPECTUS REQUIRED FOR CERTAIN OFFERS
• Tex. Gov't Code § 4003.304INVESTOR EDUCATION
• Tex. Gov't Code § 4004.001RULES FOR EXEMPTION FROM REGISTRATION REQUIREMENTS
• Tex. Gov't Code § 4004.002CERTAIN DISPLAYS OR ADVERTISEMENT OF REGISTRATION PROHIBITED
• Tex. Gov't Code § 4004.003DISPLAY OF INFORMATION REGARDING COMPLAINTS
• Tex. Gov't Code § 4004.051REGISTRATION OF DEALERS REQUIRED
• Tex. Gov't Code § 4004.052REGISTRATION OF INVESTMENT ADVISERS REQUIRED
• Tex. Gov't Code § 4004.053APPLICATION FOR REGISTRATION
• Tex. Gov't Code § 4004.054ISSUANCE OF REGISTRATION CERTIFICATE
• Tex. Gov't Code § 4004.055FORM AND CONTENTS OF REGISTRATION CERTIFICATE
• Tex. Gov't Code § 4004.056TEMPORARY PERMISSION TO ENGAGE IN BUSINESS AS DEALER OR INVESTMENT ADVISER
• Tex. Gov't Code § 4004.057AMENDMENT OF REGISTRATION CERTIFICATE
• Tex. Gov't Code § 4004.058POSTING REGISTRATION CERTIFICATES
• Tex. Gov't Code § 4004.101REGISTRATION OF AGENTS
• Tex. Gov't Code § 4004.102REGISTRATION OF INVESTMENT ADVISER REPRESENTATIVES
• Tex. Gov't Code § 4004.103APPLICATION FOR REGISTRATION
• Tex. Gov't Code § 4004.104ISSUANCE OF EVIDENCE OF REGISTRATION
• Tex. Gov't Code § 4004.105FORM AND CONTENTS OF EVIDENCE OF REGISTRATION
• Tex. Gov't Code § 4004.106CANCELLATION OF REGISTRATION
• Tex. Gov't Code § 4004.151EXAMINATION REQUIREMENTS
• Tex. Gov't Code § 4004.152EXAMINATION RESULTS
• Tex. Gov't Code § 4004.201DENIAL OF REGISTRATION
• Tex. Gov't Code § 4004.202AUTOMATIC REVOCATION OF REGISTRATION OF AGENTS AND INVESTMENT ADVISER REPRESENTATIVES AFTER REVOCATION OF REGISTRATION OF DEALER OR INVESTMENT ADVISER
• Tex. Gov't Code § 4004.251EXPIRATION OF REGISTRATION
• Tex. Gov't Code § 4004.252RENEWAL OF REGISTRATION
• Tex. Gov't Code § 4004.253STAGGERED RENEWAL; PRORATION OF REGISTRATION RENEWAL FEE
• Tex. Gov't Code § 4004.254NOTICE OF EXPIRATION REQUIRED
• Tex. Gov't Code § 4004.255RENEWAL OF EXPIRED REGISTRATION
• Tex. Gov't Code § 4004.256EFFECT OF EXPIRED REGISTRATION
• Tex. Gov't Code § 4004.257CONTINUING EDUCATION
• Tex. Gov't Code § 4004.301APPLICABILITY
• Tex. Gov't Code § 4004.302NOTICE FILING
• Tex. Gov't Code § 4004.303EFFECTIVE DATE OF NOTICE FILING
• Tex. Gov't Code § 4004.304RENEWAL
• Tex. Gov't Code § 4004.351DEFINITIONS
• Tex. Gov't Code § 4004.352REPORTING SUSPECTED FINANCIAL EXPLOITATION OF VULNERABLE ADULTS
• Tex. Gov't Code § 4004.353FORM AND CONTENT OF REPORT
• Tex. Gov't Code § 4004.354NOTIFYING THIRD PARTIES OF SUSPECTED FINANCIAL EXPLOITATION OF VULNERABLE ADULTS
• Tex. Gov't Code § 4004.355TEMPORARY HOLD ON TRANSACTIONS IN CERTAIN CASES OF SUSPECTED FINANCIAL EXPLOITATION OF VULNERABLE ADULTS
• Tex. Gov't Code § 4004.356IMMUNITY
• Tex. Gov't Code § 4004.357RECORDS
• Tex. Gov't Code § 4005.001SCOPE OF EXEMPTION
• Tex. Gov't Code § 4005.002COURT SUPERVISED SALES
• Tex. Gov't Code § 4005.003PLEDGED SECURITIES
• Tex. Gov't Code § 4005.004ISOLATED TRANSACTIONS
• Tex. Gov't Code § 4005.005INSURANCE COMPANY SALES
• Tex. Gov't Code § 4005.006STOCK DIVIDENDS
• Tex. Gov't Code § 4005.007EXISTING SECURITY HOLDERS
• Tex. Gov't Code § 4005.008FINANCIAL DISTRESS
• Tex. Gov't Code § 4005.009MERGER, CONSOLIDATION, AND ASSET SALES
• Tex. Gov't Code § 4005.010EXCHANGE OF SHARES
• Tex. Gov't Code § 4005.011INSTITUTIONAL INVESTORS
• Tex. Gov't Code § 4005.012PRIVATE LIMITED OFFERINGS
• Tex. Gov't Code § 4005.013COMPENSATION PLANS AND CONTRACTS
• Tex. Gov't Code § 4005.014MORTGAGES AND LIENS
• Tex. Gov't Code § 4005.015NONPROFITS
• Tex. Gov't Code § 4005.016FINANCIAL INSTITUTIONS
• Tex. Gov't Code § 4005.017GOVERNMENT ISSUANCE OR GUARANTEE
• Tex. Gov't Code § 4005.018COOPERATIVES
• Tex. Gov't Code § 4005.019SECONDARY MARKET SALES
• Tex. Gov't Code § 4005.020UNSOLICITED ORDERS
• Tex. Gov't Code § 4005.021OIL, GAS, OR MINING INTERESTS
• Tex. Gov't Code § 4005.022ISSUER SALES OF EXEMPT SECURITIES
• Tex. Gov't Code § 4005.023OPTIONS
• Tex. Gov't Code § 4005.024EXEMPTIONS BY RULE OR ORDER
• Tex. Gov't Code § 4005.025ISSUANCE OR TRANSFER TO NONPROFITS
• Tex. Gov't Code § 4005.051SCOPE OF EXEMPTION
• Tex. Gov't Code § 4005.052RAILROADS OR UTILITIES
• Tex. Gov't Code § 4005.053NONPROFIT CORPORATIONS
• Tex. Gov't Code § 4005.054LISTED SECURITIES
• Tex. Gov't Code § 4005.055COMMERCIAL PAPER
• Tex. Gov't Code § 4005.056SECURED DEBT
• Tex. Gov't Code § 4005.057NONPROFIT DEBT
• Tex. Gov't Code § 4005.058SUSPENSION OF EXEMPT STATUS OF TRADING SYSTEM
• Tex. Gov't Code § 4005.101APPLICATION FOR APPROVAL
• Tex. Gov't Code § 4005.102APPROVAL OF STOCK EXCHANGE
• Tex. Gov't Code § 4005.103INVESTIGATION AND HEARING
• Tex. Gov't Code § 4005.104ORDER OF APPROVAL
• Tex. Gov't Code § 4005.105WITHDRAWAL OF APPROVAL
• Tex. Gov't Code § 4006.001CERTAIN REGISTRATION AND NOTICE FILING FEES
• Tex. Gov't Code § 4006.051NOTICE FOR SECONDARY TRADING EXEMPTION
• Tex. Gov't Code § 4006.052NOTICE FOR LIMITED OFFERING EXEMPTION
• Tex. Gov't Code § 4006.053APPLICATION FOR APPROVAL OF STOCK EXCHANGE
• Tex. Gov't Code § 4006.054AMENDMENT OR DUPLICATE OF REGISTRATION CERTIFICATE OR EVIDENCE OF REGISTRATION
• Tex. Gov't Code § 4006.055EXAMINATION OF CERTAIN APPLICATIONS OR REGISTRATION STATEMENTS
• Tex. Gov't Code § 4006.056CERTIFIED COPIES
• Tex. Gov't Code § 4006.057REQUEST TO TAKE EXAMINATION
• Tex. Gov't Code § 4006.058INTERPRETATION BY GENERAL COUNSEL
• Tex. Gov't Code § 4006.101REASONABLE AND NECESSARY REQUIREMENT
• Tex. Gov't Code § 4006.102REDUCED FEES
• Tex. Gov't Code § 4006.103PAYMENT OF CERTAIN COSTS
• Tex. Gov't Code § 4006.104REFUND OF REGISTRATION FEE
• Tex. Gov't Code § 4006.151FEE FOR SALE OF EXCESS SECURITIES
• Tex. Gov't Code § 4006.152FEE FOR EXCEEDING LIMITED OFFERING EXEMPTION
• Tex. Gov't Code § 4006.153FEE FOR SALES OF UNREGISTERED SECURITIES
• Tex. Gov't Code § 4006.201RENEWAL OF REGISTRATION BY NOTIFICATION
• Tex. Gov't Code § 4006.251DEPOSIT OF FEES TO GENERAL REVENUE FUND
• Tex. Gov't Code § 4006.252DAILY DEPOSIT OF CERTAIN FEES
• Tex. Gov't Code § 4007.001ENFORCEMENT BY COMMISSIONER, ATTORNEY GENERAL, AND DISTRICT OR COUNTY ATTORNEY
• Tex. Gov't Code § 4007.002MEANS OF ENFORCEMENT NOT EXCLUSIVE
• Tex. Gov't Code § 4007.051COMPLAINTS FILED WITH COMMISSIONER OR BOARD
• Tex. Gov't Code § 4007.052INSPECTIONS
• Tex. Gov't Code § 4007.053INVESTIGATIVE AUTHORITY
• Tex. Gov't Code § 4007.054SERVICE OF SUBPOENA, SUMMONS, OR OTHER PROCESS
• Tex. Gov't Code § 4007.055ENFORCEMENT OF SUBPOENA; CONTEMPT
• Tex. Gov't Code § 4007.056CONFIDENTIALITY OF INVESTIGATIVE INFORMATION
• Tex. Gov't Code § 4007.057COMPENSATION OF WITNESSES
• Tex. Gov't Code § 4007.058IMPOSITION OF COSTS ON PARTIES
• Tex. Gov't Code § 4007.059ASSISTANCE TO SECURITIES REGULATORS IN OTHER JURISDICTIONS
• Tex. Gov't Code § 4007.101CEASE AND DESIST ORDER: OFFER OR SALE OF SECURITIES
• Tex. Gov't Code § 4007.102CEASE AND DESIST ORDER: INVESTMENT ADVISER OR INVESTMENT ADVISER REPRESENTATIVE
• Tex. Gov't Code § 4007.103CEASE PUBLICATION ORDER
• Tex. Gov't Code § 4007.104EMERGENCY CEASE AND DESIST ORDER
• Tex. Gov't Code § 4007.105DENIAL, SUSPENSION, OR REVOCATION OF REGISTRATION
• Tex. Gov't Code § 4007.106ASSESSMENT OF ADMINISTRATIVE FINE
• Tex. Gov't Code § 4007.107HEARINGS ON CERTAIN MATTERS
• Tex. Gov't Code § 4007.108REFUND
• Tex. Gov't Code § 4007.151RECEIVERSHIP
• Tex. Gov't Code § 4007.152INJUNCTIVE RELIEF
• Tex. Gov't Code § 4007.153EQUITABLE RELIEF AND RESTITUTION
• Tex. Gov't Code § 4007.154CIVIL PENALTY
• Tex. Gov't Code § 4007.155RECOVERY OF COSTS
• Tex. Gov't Code § 4007.201UNAUTHORIZED SALE OF SECURITIES; OFFENSE
• Tex. Gov't Code § 4007.202UNAUTHORIZED RENDERING OF SERVICES AS INVESTMENT ADVISER OR INVESTMENT ADVISER REPRESENTATIVE; OFFENSE
• Tex. Gov't Code § 4007.203FRAUDULENT CONDUCT; OFFENSE
• Tex. Gov't Code § 4007.204MATERIALLY FALSE STATEMENT IN DOCUMENT OR PROCEEDING; OFFENSE
• Tex. Gov't Code § 4007.205FALSE STATEMENT OR REPRESENTATION CONCERNING REGISTRATION; OFFENSE
• Tex. Gov't Code § 4007.206VIOLATION OF CEASE AND DESIST ORDER; OFFENSE
• Tex. Gov't Code § 4007.207NONCOMPLIANT OFFER OR OFFER PROHIBITED BY CEASE PUBLICATION ORDER; OFFENSE
• Tex. Gov't Code § 4007.208AGGREGATION OF AMOUNTS
• Tex. Gov't Code § 4007.209LIABILITY OF CORPORATION
• Tex. Gov't Code § 4008.001UNENFORCEABILITY OF ILLEGAL CONTRACTS
• Tex. Gov't Code § 4008.002CERTAIN WAIVERS VOID
• Tex. Gov't Code § 4008.003ACTION FOR COLLECTION OF COMMISSION OR COMPENSATION
• Tex. Gov't Code § 4008.004STAY OF RECOGNITION OR ENFORCEMENT OF FOREIGN-COUNTRY JUDGMENT
• Tex. Gov't Code § 4008.005SURVIVABILITY OF ACTION
• Tex. Gov't Code § 4008.006SAVING OF EXISTING RIGHTS AND REMEDIES
• Tex. Gov't Code § 4008.051OFFEROR OR SELLER LIABILITY: REGISTRATION AND RELATED VIOLATIONS
• Tex. Gov't Code § 4008.052OFFEROR OR SELLER LIABILITY: UNTRUTH OR OMISSION
• Tex. Gov't Code § 4008.053BUYER LIABILITY
• Tex. Gov't Code § 4008.054NONSELLING ISSUER LIABILITY
• Tex. Gov't Code § 4008.055CONTROLLING PERSON OR AIDER LIABILITY
• Tex. Gov't Code § 4008.056RESCISSION
• Tex. Gov't Code § 4008.057DAMAGES
• Tex. Gov't Code § 4008.058REQUIREMENTS OF RESCISSION OFFER TO BUYERS
• Tex. Gov't Code § 4008.059REQUIREMENTS OF RESCISSION OFFER TO SELLERS
• Tex. Gov't Code § 4008.060COSTS; ATTORNEY'S FEES
• Tex. Gov't Code § 4008.061LIMITATION OF LIABILITY IN SMALL BUSINESS ISSUANCES
• Tex. Gov't Code § 4008.062STATUTE OF LIMITATIONS
• Tex. Gov't Code § 4008.101INVESTMENT ADVISER OR INVESTMENT ADVISER REPRESENTATIVE LIABILITY
• Tex. Gov't Code § 4008.102CONTROLLING PERSON OR AIDER LIABILITY
• Tex. Gov't Code § 4008.103DAMAGES
• Tex. Gov't Code § 4008.104STATUTE OF LIMITATIONS
• Tex. Gov't Code § 4008.105REMEDY NOT EXCLUSIVE