Texas § IN.829.007 - SALE OF SECURITIES

Full text of Texas The Texas Constitution § IN.829.007 — SALE OF SECURITIES, with citation guidance and answers to common questions.

§ IN.829.007. SALE OF SECURITIES

SALE OF SECURITIES. (a) A sale, issuance, or offering of securities under this chapter is exempt from the registration and licensing provisions of The Securities Act (Title 12, Government Code). (b) An officer, director, or employee of an exchange, an intermediate holding company, a mutual holding company, or a resulting company who participates in a conversion under this chapter is exempt from the registration and licensing provisions of The Securities Act (Title 12, Government Code). A person may not receive compensation, other than that person's usual salary or compensation, for services performed under the exemption provided by this subsection. Added by Acts 2007, 80th Leg., R.S., Ch. 412 (S.B. 1056 ), Sec. 1, eff. June 15, 2007. Amended by: Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171 ), Sec. 2.31, eff. January 1, 2022. SUBCHAPTER B. MUTUAL HOLDING COMPANY STRUCTURE

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § IN.829.007

What does The Texas Constitution § IN.829.007 cover?

Section IN.829.007 ("SALE OF SECURITIES") 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 § IN.829.007?

A common citation format is "The Texas Constitution § IN.829.007" (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 § IN.829.007 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.