Texas § GV.4008.003 - ACTION FOR COLLECTION OF COMMISSION OR COMPENSATION
Full text of Texas The Texas Constitution § GV.4008.003 — ACTION FOR COLLECTION OF COMMISSION OR COMPENSATION, with citation guidance and answers to common questions.
§ GV.4008.003. ACTION FOR COLLECTION OF COMMISSION OR COMPENSATION
ACTION FOR COLLECTION OF COMMISSION OR COMPENSATION. (a) This section does not apply to a person or company that rendered services in connection with a transaction that is exempt under Subchapter A , Chapter 4005 , or under a rule adopted by the board under Section 4005.024 if the person or company was not required to be registered by the terms of the exemption. (b) A person or company may not bring or maintain any action in a court of this state for collection of a commission or compensation for services rendered in the sale or purchase of securities unless the person or company alleges and proves that: (1) the person or company was: (A) registered under this title; or (B) exempt from registration under rules adopted under Section 4004.001 ; and (2) the securities sold were registered under this title at the time the alleged cause of action arose. 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.4008.003
What does The Texas Constitution § GV.4008.003 cover?
Section GV.4008.003 ("ACTION FOR COLLECTION OF COMMISSION OR COMPENSATION") 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.4008.003?
A common citation format is "The Texas Constitution § GV.4008.003" (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.4008.003 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.