Texas § GV.1201.029 - COMMISSIONS NOT TO BE PAID FROM PRINCIPAL
Full text of Texas The Texas Constitution § GV.1201.029 — COMMISSIONS NOT TO BE PAID FROM PRINCIPAL, with citation guidance and answers to common questions.
§ GV.1201.029. COMMISSIONS NOT TO BE PAID FROM PRINCIPAL
COMMISSIONS NOT TO BE PAID FROM PRINCIPAL. In a public or private sale of public securities the principal amount of which is limited by law, by voted authorization, or by other means, for purposes of determining whether the principal amount of the public securities that are issued exceeds the limitation, amounts produced by the initial purchaser through market pricing of the public securities when the public securities are resold by the initial purchaser are not considered proceeds of the issuer if the amounts constitute all or part of the compensation of the initial purchaser. Added by Acts 2003, 78th Leg., ch. 1193, Sec. 1, eff. June 20, 2003. SUBCHAPTER C. FINANCIAL ASPECTS OF PUBLIC SECURITY
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.1201.029
What does The Texas Constitution § GV.1201.029 cover?
Section GV.1201.029 ("COMMISSIONS NOT TO BE PAID FROM PRINCIPAL") 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.1201.029?
A common citation format is "The Texas Constitution § GV.1201.029" (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.1201.029 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.