Texas § 1201.029 COMMISSIONS NOT TO BE PAID FROM PRINCIPAL.

Texas Statutes

§ 1201.029 — COMMISSIONS NOT TO BE PAID FROM PRINCIPAL.

Texas § 1201.029

Code GVGovernment Code

This text of Texas § 1201.029 (COMMISSIONS NOT TO BE PAID FROM PRINCIPAL.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Government Code Code Ann. § 1201.029 (2026).

Text

Sec. 1201.029. COMMISSIONS NOT TO BE PAID FROM PRINCIPAL. In a public or private sale of public securities the principal amount of which is limited by law, by voted authorization, or by other means, for purposes of determining whether the principal amount of the public securities that are issued exceeds the limitation, amounts produced by the initial purchaser through market pricing of the public securities when the public securities are resold by the initial purchaser are not considered proceeds of the issuer if the amounts constitute all or part of the compensation of the initial purchaser.
SUBCHAPTER C. FINANCIAL ASPECTS OF PUBLIC SECURITY

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 1201.029. COMMISSIONS NOT TO BE PAID FROM PRINCIPAL. In a public or private sale of public securities the principal amount of which is limited by law, by voted authorization, or by other means, for purposes of determining whether the principal amount of the public securities that are issued exceeds the limitation, amounts produced by the initial purchaser through market pricing of the public securities when the public securities are resold by the initial purchaser are not considered proceeds of the issuer if the amounts constitute all or part of the compensation of the initial purchaser.
SUBCHAPTER C. FINANCIAL ASPECTS OF PUBLIC SECURITY