Texas § BC.302.053 - EXEMPTION
Full text of Texas The Texas Constitution § BC.302.053 — EXEMPTION, with citation guidance and answers to common questions.
§ BC.302.053. EXEMPTION
EXEMPTION: PERSONS REGULATED BY OTHER LAW. This chapter does not apply to: (1) a person offering or selling a security that has been qualified for sale under Chapter 4003 , Government Code, or that is subject to an exemption under Chapter 4005 , Government Code; (2) a publicly traded corporation registered with the Securities and Exchange Commission or the State Securities Board, or a subsidiary or agent of the corporation; (3) a person who holds a license issued under the Insurance Code if the solicited transaction is governed by that code; (4) a supervised financial institution or a parent, a subsidiary, or an affiliate of a supervised financial institution; (5) a person whose business is regulated by the Public Utility Commission of Texas or an affiliate of that person, except that this chapter applies to such a person or affiliate only with respect to one or more automated dial announcing devices; (6) a person subject to the control or licensing regulations of the Federal Communications Commission; (7) a person selling a contractual plan regulated by the Federal Trade Commission trade regulation on use of negative option plans by sellers in commerce under 16 C.F.R. Part 425; (8) a person subject to filing requirements under Chapter 1803 , Occupations Code; or (9) a person who: (A) is soliciting a transaction regulated by the Commodity Futures Trading Commission; and (B) is registered or holds a temporary license for the activity described by Paragraph (A) with the Commodity Futures Trading Commission under the Commodity Exchange Act (7 U.S.C. Section 1 et seq.), if the registration or license has not expired or been suspended or revoked. Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278 ), Sec. 2.01, eff. April 1, 2009. Amended by: Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171 ), Sec. 2.03, eff. January 1, 2022.
Frequently Asked Questions About Texas § BC.302.053
What does The Texas Constitution § BC.302.053 cover?
Section BC.302.053 ("EXEMPTION") 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 § BC.302.053?
A common citation format is "The Texas Constitution § BC.302.053" (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 § BC.302.053 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.