Texas § GV.4002.151 - RULES
Full text of Texas The Texas Constitution § GV.4002.151 — RULES, with citation guidance and answers to common questions.
§ GV.4002.151. RULES
RULES. (a) Subject to Subsection (b), the board may adopt rules as necessary to implement this title, including rules: (1) governing registration statements, applications, notices, and reports; and (2) defining terms, regardless of whether used in this title, provided that the definitions are not inconsistent with the purposes fairly intended by the policy and provisions of this title. (b) The board may not adopt a rule unless, after notice and opportunity for comment, the board finds that the action is: (1) necessary or appropriate in the public interest or for the protection of investors; and (2) consistent with the purposes fairly intended by the policy and provisions of this title. (c) For the purpose of adopting rules, the board may classify securities, persons, and matters within the board's jurisdiction and prescribe different requirements for different classes. (d) The board, in the board's discretion, may waive a requirement of a rule in a situation in which, in the board's opinion, the requirement is not necessary in the public interest or for the protection of investors. Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171 ), Sec. 1.01, eff. January 1, 2022.
Frequently Asked Questions About Texas § GV.4002.151
What does The Texas Constitution § GV.4002.151 cover?
Section GV.4002.151 ("RULES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § GV.4002.151?
A common citation format is "The Texas Constitution § GV.4002.151" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § GV.4002.151 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.