Texas § 4005.020 UNSOLICITED ORDERS.

Texas Statutes

§ 4005.020 — UNSOLICITED ORDERS.

Texas § 4005.020

Code GVGovernment Code

This text of Texas § 4005.020 (UNSOLICITED ORDERS.) 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. § 4005.020 (2026).

Text

Sec. 4005.020. UNSOLICITED ORDERS. The exemption provided by Section 4005.001 applies to a dealer's execution of an unsolicited order for the purchase of securities for which the initial offering of the securities has been completed if the dealer:

(1)acts solely as an agent for the purchaser;

(2)does not have a direct or indirect interest in the sale or distribution of securities ordered; and

(3)does not receive a commission, profit, or other compensation from any source other than the purchaser.

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Sec. 4005.020. UNSOLICITED ORDERS. The exemption provided by Section 4005.001 applies to a dealer's execution of an unsolicited order for the purchase of securities for which the initial offering of the securities has been completed if the dealer:
(1) acts solely as an agent for the purchaser;
(2) does not have a direct or indirect interest in the sale or distribution of securities ordered; and
(3) does not receive a commission, profit, or other compensation from any source other than the purchaser.