Texas § GV.4008.057 - DAMAGES
Full text of Texas The Texas Constitution § GV.4008.057 — DAMAGES, with citation guidance and answers to common questions.
§ GV.4008.057. DAMAGES
DAMAGES. (a) In damages under this subchapter, a buyer of a security shall recover the consideration the buyer paid for the security plus interest on the consideration at the legal rate from the date the buyer made the payment, less the greater of: (1) the value of the security at the time the buyer disposed of the security plus the amount of any income the buyer received on the security; or (2) the actual consideration received for the security at the time the buyer disposed of the security plus the amount of any income the buyer received on the security. (b) In damages under this subchapter, a seller of a security shall recover the value of the security at the time of sale plus the amount of any income the buyer received on the security, less the consideration paid to the seller for the security plus interest on the consideration at the legal rate from the date of payment to the seller. (c) For a buyer suing under Section 4008.054 , the consideration the buyer paid for the security is deemed to be the lesser of: (1) the price the buyer paid; or (2) the price at which the security was offered to the public. 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.4008.057
What does The Texas Constitution § GV.4008.057 cover?
Section GV.4008.057 ("DAMAGES") 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.4008.057?
A common citation format is "The Texas Constitution § GV.4008.057" (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.4008.057 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.