Texas § GV.4003.252 - CROWDFUNDING
Full text of Texas The Texas Constitution § GV.4003.252 — CROWDFUNDING, with citation guidance and answers to common questions.
§ GV.4003.252. CROWDFUNDING
CROWDFUNDING. (a) The board shall adopt rules to regulate and facilitate online intrastate crowdfunding applicable to authorized small business development entities. The board may create other requirements necessary to carry out this subchapter. (b) The rules must: (1) allow an authorized small business development entity to list on the entity's web portal offerings of securities by issuers in which the entity is financially interested; (2) allow an authorized small business development entity and the entity's web portal to list offerings of securities without offering investment advice; (3) allow an authorized small business development entity to subcontract the operations of a crowdfunding web portal to a third party as permitted by board rule; and (4) limit the offerings of securities on an authorized small business development entity's web portal to securities of issuers located within the service area of the entity. Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171 ), Sec. 1.01, eff. January 1, 2022. SUBCHAPTER G. PROTECTION FOR PURCHASERS OF SECURITIES
Frequently Asked Questions About Texas § GV.4003.252
What does The Texas Constitution § GV.4003.252 cover?
Section GV.4003.252 ("CROWDFUNDING") 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.4003.252?
A common citation format is "The Texas Constitution § GV.4003.252" (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.4003.252 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.