Texas § 4005.013 COMPENSATION PLANS AND CONTRACTS.

Texas Statutes

§ 4005.013 — COMPENSATION PLANS AND CONTRACTS.

Texas § 4005.013

Code GVGovernment Code

This text of Texas § 4005.013 (COMPENSATION PLANS AND CONTRACTS.) 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. § 4005.013 (2026).

Text

Sec. 4005.013. COMPENSATION PLANS AND CONTRACTS. The exemption provided by Section 4005.001 applies to the sale or distribution of a security without any public solicitation or advertisement if the sale or distribution is made:

(1)by an issuer of the security or any participating subsidiary of the issuer; and

(2)under a bona fide thrift, savings, stock purchase, retirement, pension, profit-sharing, option, bonus, appreciation right, incentive, or similar written compensation plan or written compensation contract established by the issuer or the issuer's subsidiary for the benefit of:

(A)employees, directors, general partners, managers, or officers of the issuer or subsidiary;

(B)the issuer's or subsidiary's trustees, if the issuer or subsidiary is a business trust; or

(C)consultants o

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Sec. 4005.013. COMPENSATION PLANS AND CONTRACTS. The exemption provided by Section 4005.001 applies to the sale or distribution of a security without any public solicitation or advertisement if the sale or distribution is made:
(1) by an issuer of the security or any participating subsidiary of the issuer; and
(2) under a bona fide thrift, savings, stock purchase, retirement, pension, profit-sharing, option, bonus, appreciation right, incentive, or similar written compensation plan or written compensation contract established by the issuer or the issuer's subsidiary for the benefit of:
(A) employees, directors, general partners, managers, or officers of the issuer or subsidiary;
(B) the issuer's or subsidiary's trustees, if the issuer or subsidiary is a business trust; or
(C) consultants or advisers who provide to the issuer or subsidiary bona fide services unrelated to the offer or sale of securities in a capital-raising transaction.