Texas § GV.4008.051 - OFFEROR OR SELLER LIABILITY

Full text of Texas The Texas Constitution § GV.4008.051 — OFFEROR OR SELLER LIABILITY, with citation guidance and answers to common questions.

§ GV.4008.051. OFFEROR OR SELLER LIABILITY

OFFEROR OR SELLER LIABILITY: REGISTRATION AND RELATED VIOLATIONS. (a) A person who offers or sells a security in violation of the following is liable to a person who buys the security from the offeror or seller: (1) Section 4003.001 (a), 4004.051 , 4004.052 , 4004.101 (a), 4004.102 (a), or 4007.103 ; (2) Subchapter G , Chapter 4003 , other than Section 4003.304 , or a requirement of the commissioner under Subchapter G , Chapter 4003 , other than Section 4003.304 ; or (3) an order under Section 4007.101 or 4007.104 . (b) The buyer of the security may sue for: (1) rescission; or (2) damages if the buyer no longer owns the security. Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171 ), Sec. 1.01, eff. January 1, 2022. Amended by: Acts 2021, 87th Leg., R.S., Ch. 41 (S.B. 1280 ), Sec. 1, eff. January 1, 2022.

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § GV.4008.051

What does The Texas Constitution § GV.4008.051 cover?

Section GV.4008.051 ("OFFEROR OR SELLER LIABILITY") 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.4008.051?

A common citation format is "The Texas Constitution § GV.4008.051" (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.4008.051 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.