Texas § GV.4001.067 - SALE
Full text of Texas The Texas Constitution § GV.4001.067 — SALE, with citation guidance and answers to common questions.
§ GV.4001.067. SALE
SALE; OFFER FOR SALE; SELL. (a) "Sale," "offer for sale," and "sell" include every disposition or attempted disposition of a security for value. (b) "Sale" means and includes: (1) a contract or agreement in which a security is sold, traded, or exchanged for money, property, or another thing of value; or (2) a transfer of or agreement to transfer a security, in trust or otherwise. (c) "Sale" or "offer for sale" includes a subscription, an option for sale, a solicitation of sale, a solicitation of an offer to buy, an attempt to sell, or an offer to sell, directly or by an agent, by a circular, letter, or advertisement or otherwise, including the deposit in any manner in the United States mail within this state of a circular, letter, or other advertising matter. (d) "Sell" means any act by which a sale is made. (e) A security given or delivered with or as a bonus on account of a purchase of securities or other thing of value is conclusively presumed to: (1) constitute a part of the subject of the purchase; and (2) have been sold for value. (f) The sale of a security under conditions that entitle the purchaser or subsequent holder to exchange the security for another security or to purchase another security is not deemed a sale or offer for sale of the other security. (g) This section does not limit the meaning of the terms "sale," "offer for sale," or "sell" as used by or accepted in courts. Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171 ), Sec. 1.01, eff. January 1, 2022.
Frequently Asked Questions About Texas § GV.4001.067
What does The Texas Constitution § GV.4001.067 cover?
Section GV.4001.067 ("SALE") 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.4001.067?
A common citation format is "The Texas Constitution § GV.4001.067" (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.4001.067 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.