{"data":{"id":"us-tx/tex.-government-code-4003.001","jurisdiction":"us-tx","citation":"Tex. Government Code § 4003.001","heading":"PERMIT REQUIRED; EXCEPTIONS.","body":"(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.\n(b) This section does not apply to:\n(1) securities that have been registered by notification under Subchapter B or by coordination under Subchapter C; or\n(2) transactions or securities that are exempt under Chapter 4005.\nAdded by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.","path":["GOVERNMENT CODE","TITLE 12. SECURITIES ACT","CHAPTER 4003. SECURITIES","SUBCHAPTER A. PERMIT QUALIFYING SECURITIES FOR SALE"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.4003.htm#4003.001","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"42385ff5e582c2b0fb3c7f8a3c1db4394da343060c9d2684eeff0e85ae8914a9","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-4002.203","next":"us-tx/tex.-government-code-4003.002"},"notice":"GroundRules: Original legal text. Not legal advice."}