{"data":{"id":"us-tx/tex.-government-code-4005.013","jurisdiction":"us-tx","citation":"Tex. Government Code § 4005.013","heading":"COMPENSATION PLANS AND CONTRACTS.","body":"The exemption provided by Section 4005.001 applies to the sale or distribution of a security without any public solicitation or advertisement if the sale or distribution is made:\n(1) by an issuer of the security or any participating subsidiary of the issuer; and\n(2) under a bona fide thrift, savings, stock purchase, retirement, pension, profit-sharing, option, bonus, appreciation right, incentive, or similar written compensation plan or written compensation contract established by the issuer or the issuer's subsidiary for the benefit of:\n(A) employees, directors, general partners, managers, or officers of the issuer or subsidiary;\n(B) the issuer's or subsidiary's trustees, if the issuer or subsidiary is a business trust; or\n(C) consultants or advisers who provide to the issuer or subsidiary bona fide services unrelated to the offer or sale of securities in a capital-raising transaction.\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 4005. EXEMPTIONS","SUBCHAPTER A. EXEMPT TRANSACTIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.4005.htm#4005.013","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"386186de9e15547498ab0bc3e05070ba0cf352394a9c6b1978aa1ad15541a4dd","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-4005.012","next":"us-tx/tex.-government-code-4005.014"},"notice":"GroundRules: Original legal text. Not legal advice."}