Texas § IN.823.257 - DETERMINATION REQUIRED BEFORE INVESTMENT
Full text of Texas The Texas Constitution § IN.823.257 — DETERMINATION REQUIRED BEFORE INVESTMENT, with citation guidance and answers to common questions.
§ IN.823.257. DETERMINATION REQUIRED BEFORE INVESTMENT
DETERMINATION REQUIRED BEFORE INVESTMENT. (a) Whether an investment meets an applicable requirement of this subchapter shall be determined before the investment is made by applying that requirement as if the investment had been made. (b) In making the determination under Subsection (a): (1) the amount to be used for the total of previous investments in debt obligations is the principal balance outstanding on all of those obligations at the time of the determination; (2) the amount to be used for previous investments in equity securities is the sum of values of each previous investment as of the day the previous investment was made; and (3) any return of capital invested, not including dividends, shall be subtracted. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.823.257
What does The Texas Constitution § IN.823.257 cover?
Section IN.823.257 ("DETERMINATION REQUIRED BEFORE INVESTMENT") 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 § IN.823.257?
A common citation format is "The Texas Constitution § IN.823.257" (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 § IN.823.257 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.