Texas § GV.4005.058 - SUSPENSION OF EXEMPT STATUS OF TRADING SYSTEM
Full text of Texas The Texas Constitution § GV.4005.058 — SUSPENSION OF EXEMPT STATUS OF TRADING SYSTEM, with citation guidance and answers to common questions.
§ GV.4005.058. SUSPENSION OF EXEMPT STATUS OF TRADING SYSTEM
SUSPENSION OF EXEMPT STATUS OF TRADING SYSTEM. (a) The commissioner, by the same procedures described by Section 4005.105 , may at any time suspend the exempt status of any trading system exempted by the legislature on or after January 1, 1989, if at the time of the hearing the trading system does not meet the applicable standards for approval of exchanges provided by this title. (b) The suspension of a trading system under Subsection (a) has the same effect as the withdrawal of approval of a stock exchange under Section 4005.105 . (c) The suspension under Subsection (a) remains in effect until the commissioner by order determines that the trading system: (1) has corrected each deficiency on which the suspension was based; and (2) maintains standards and procedures that provide reasonable protection to the public. Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171 ), Sec. 1.01, eff. January 1, 2022. SUBCHAPTER C. PROCEDURES FOR APPROVAL OF STOCK EXCHANGE
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.4005.058
What does The Texas Constitution § GV.4005.058 cover?
Section GV.4005.058 ("SUSPENSION OF EXEMPT STATUS OF TRADING SYSTEM") 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.4005.058?
A common citation format is "The Texas Constitution § GV.4005.058" (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.4005.058 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.