Section 4003.001 - Permit Required; Exceptions(a) A dealer or agent may not sell or offer for sale any securities issued after September 6, 1955, unless the commissioner has issued a permit qualifying securities for sale for those securities to the issuer of the securities or a registered dealer.(b) This section does not apply to:(1) securities that have been registered by notification under Subchapter B or by coordination under Subchapter C; or(2) transactions or securities that are exempt under Chapter 4005. (V.A.C.S. Art. 581-7, Subsec. A, Subdiv. (1) (part); Art. 581-10, Subsec. B (part).)Tex. Gov't. Code § 4003.001
Added by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. TBD,Sec. 1.01, eff. 1/1/2022.