Texas § 829.007 SALE OF SECURITIES.

Texas Statutes

§ 829.007 — SALE OF SECURITIES.

Texas § 829.007

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 829.007 (2026).

Text

Sec. 829.007. SALE OF SECURITIES.

(a)A sale, issuance, or offering of securities under this chapter is exempt from the registration and licensing provisions of The Securities Act (Title 12, Government Code).

(b)An officer, director, or employee of an exchange, an intermediate holding company, a mutual holding company, or a resulting company who participates in a conversion under this chapter is exempt from the registration and licensing provisions of The Securities Act (Title 12, Government Code). A person may not receive compensation, other than that person's usual salary or compensation, for services performed under the exemption provided by this subsection. SUBCHAPTER B. MUTUAL HOLDING COMPANY STRUCTURE

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Sec. 829.007. SALE OF SECURITIES. (a) A sale, issuance, or offering of securities under this chapter is exempt from the registration and licensing provisions of The Securities Act (Title 12, Government Code).
(b) An officer, director, or employee of an exchange, an intermediate holding company, a mutual holding company, or a resulting company who participates in a conversion under this chapter is exempt from the registration and licensing provisions of The Securities Act (Title 12, Government Code). A person may not receive compensation, other than that person's usual salary or compensation, for services performed under the exemption provided by this subsection.
SUBCHAPTER B. MUTUAL HOLDING COMPANY STRUCTURE

Legislative History

Added by Acts 2007, 80th Leg., R.S., Ch. 412 (S.B. 1056 ), Sec. 1, eff. June 15, 2007. Amended by: Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171 ), Sec. 2.31, eff. January 1, 2022.