{"data":{"id":"us-tx/tex.-government-code-4003.151","jurisdiction":"us-tx","citation":"Tex. Government Code § 4003.151","heading":"CERTAIN SALES PROHIBITED.","body":"If the sale of a security entitles the purchaser or subsequent holder to exchange that security for another, or to purchase another security, the sale of, including an exchange for, the other security may not be made unless the sale is authorized under this title, if not exempt under this title, or by another provision of law.\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 D. PROHIBITED SALES"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.4003.htm#4003.151","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"111e5c6ff7ac36f751464d5571a87021a7f7472a0a648d3f561c74d0ab2b1b63","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-4003.105","next":"us-tx/tex.-government-code-4003.201"},"notice":"GroundRules: Original legal text. Not legal advice."}