Texas § GV.4003.204 - AUTHORIZED ORAL OFFERS
Full text of Texas The Texas Constitution § GV.4003.204 — AUTHORIZED ORAL OFFERS, with citation guidance and answers to common questions.
§ GV.4003.204. AUTHORIZED ORAL OFFERS
AUTHORIZED ORAL OFFERS. (a) In this section, "oral offer" means an offer that is not a broadcast offer. (b) A person may make in this state an oral offer to sell a security in person, by telephone, or by other direct individual communication if: (1) the person making the offer is a registered dealer or registered agent of a registered dealer; (2) either: (A) the security is registered under Subchapter B or C or the commissioner has issued a permit qualifying securities for sale for the security under Subchapter A; or (B) an application for registration under Subchapter B or C or for a permit under Subchapter A has been filed with the commissioner; (3) the person making or distributing the offer: (A) has not received written notice of an order prohibiting the offer under Section 4007.101 or 4007.102 ; or (B) has received notice of an order described by Paragraph (A) but the order is no longer in effect; and (4) payment is not accepted from the offeree and no contract of sale is made before registration of the security is effective under Subchapter B or C or a permit is issued under Subchapter A. Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171 ), Sec. 1.01, eff. January 1, 2022.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.4003.204
What does The Texas Constitution § GV.4003.204 cover?
Section GV.4003.204 ("AUTHORIZED ORAL OFFERS") 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.4003.204?
A common citation format is "The Texas Constitution § GV.4003.204" (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.4003.204 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.