{"data":{"id":"us-tx/tex.-government-code-4005.020","jurisdiction":"us-tx","citation":"Tex. Government Code § 4005.020","heading":"UNSOLICITED ORDERS.","body":"The exemption provided by Section 4005.001 applies to a dealer's execution of an unsolicited order for the purchase of securities for which the initial offering of the securities has been completed if the dealer:\n(1) acts solely as an agent for the purchaser;\n(2) does not have a direct or indirect interest in the sale or distribution of securities ordered; and\n(3) does not receive a commission, profit, or other compensation from any source other than the purchaser.\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#4005.020","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"16b0adb351c5c6c029964a2548726ce14529db78cfac9b74d0550f7d136b313e","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-4005.019","next":"us-tx/tex.-government-code-4005.021"},"notice":"GroundRules: Original legal text. Not legal advice."}