Texas § GV.4006.152 - FEE FOR EXCEEDING LIMITED OFFERING EXEMPTION
Full text of Texas The Texas Constitution § GV.4006.152 — FEE FOR EXCEEDING LIMITED OFFERING EXEMPTION, with citation guidance and answers to common questions.
§ GV.4006.152. FEE FOR EXCEEDING LIMITED OFFERING EXEMPTION
FEE FOR EXCEEDING LIMITED OFFERING EXEMPTION. (a) This section applies only to an offeror who: (1) has filed a notice to claim a limited offering exemption; (2) paid less than the maximum fee prescribed by Section 4006.052 ; and (3) offered a greater amount of securities in the offering than authorized pursuant to the formula prescribed by Section 4006.052 . (b) An offeror may: (1) file an amended notice disclosing the amount of securities offered; and (2) pay: (A) three times the difference between the fee initially paid and the fee that should have been paid; and (B) interest on that amount computed at the rate provided by Section 302.002 , Finance Code, from the date the commissioner received the original notice until the date the commissioner received the amended notice. (c) An amended notice filed under Subsection (b) is retroactive to the date of the initial filing of the notice to claim the exemption. Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171 ), Sec. 1.01, eff. January 1, 2022.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.4006.152
What does The Texas Constitution § GV.4006.152 cover?
Section GV.4006.152 ("FEE FOR EXCEEDING LIMITED OFFERING 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 § GV.4006.152?
A common citation format is "The Texas Constitution § GV.4006.152" (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.4006.152 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.