Texas § 501.203 SECURITIES COMMISSIONER PERMIT TO SELL SECURITIES REQUIRED.

Texas Statutes

§ 501.203 — SECURITIES COMMISSIONER PERMIT TO SELL SECURITIES REQUIRED.

Texas § 501.203

Code LGLocal Government Code

This text of Texas § 501.203 (SECURITIES COMMISSIONER PERMIT TO SELL SECURITIES REQUIRED.) 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. Local Government Code Code Ann. § 501.203 (2026).

Text

Sec. 501.203. SECURITIES COMMISSIONER PERMIT TO SELL SECURITIES REQUIRED. A corporation may not sell or offer for sale bonds or other securities until the securities commissioner grants a permit authorizing the corporation to offer and sell the bonds or other securities under the registration provisions of The Securities Act (Title 12, Government Code), except as exempted from registration by rule or order of the State Securities Board. Appeal from an adverse decision of the securities commissioner or the State Securities Board is under the administrative procedure law, Chapter 2001 , Government Code. The substantial evidence rule applies in an appeal under this subsection.

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Sec. 501.203. SECURITIES COMMISSIONER PERMIT TO SELL SECURITIES REQUIRED. A corporation may not sell or offer for sale bonds or other securities until the securities commissioner grants a permit authorizing the corporation to offer and sell the bonds or other securities under the registration provisions of The Securities Act (Title 12, Government Code), except as exempted from registration by rule or order of the State Securities Board. Appeal from an adverse decision of the securities commissioner or the State Securities Board is under the administrative procedure law, Chapter 2001 , Government Code. The substantial evidence rule applies in an appeal under this subsection.

Legislative History

Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278 ), Sec. 3.01, eff. April 1, 2009. Amended by: Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171 ), Sec. 2.37, eff. January 1, 2022.