Texas § 4002.151 RULES.

Texas Statutes

§ 4002.151 — RULES.

Texas § 4002.151

Code GVGovernment Code

This text of Texas § 4002.151 (RULES.) 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. § 4002.151 (2026).

Text

Sec. 4002.151. RULES.

(a)Subject to Subsection (b), the board may adopt rules as necessary to implement this title, including rules:

(1)governing registration statements, applications, notices, and reports; and

(2)defining terms, regardless of whether used in this title, provided that the definitions are not inconsistent with the purposes fairly intended by the policy and provisions of this title.

(b)The board may not adopt a rule unless, after notice and opportunity for comment, the board finds that the action is:

(1)necessary or appropriate in the public interest or for the protection of investors; and

(2)consistent with the purposes fairly intended by the policy and provisions of this title.

(c)For the purpose of adopting rules, the board may classify securities, persons, and mat

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

Sec. 4002.151. RULES. (a) Subject to Subsection (b), the board may adopt rules as necessary to implement this title, including rules:
(1) governing registration statements, applications, notices, and reports; and
(2) defining terms, regardless of whether used in this title, provided that the definitions are not inconsistent with the purposes fairly intended by the policy and provisions of this title.
(b) The board may not adopt a rule unless, after notice and opportunity for comment, the board finds that the action is:
(1) necessary or appropriate in the public interest or for the protection of investors; and
(2) consistent with the purposes fairly intended by the policy and provisions of this title.
(c) For the purpose of adopting rules, the board may classify securities, persons, and matters within the board's jurisdiction and prescribe different requirements for different classes.
(d) The board, in the board's discretion, may waive a requirement of a rule in a situation in which, in the board's opinion, the requirement is not necessary in the public interest or for the protection of investors.