Permit Required; Exceptions

Sec. 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. Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.