Texas § LG.501.203 - SECURITIES COMMISSIONER PERMIT TO SELL SECURITIES REQUIRED
Full text of Texas The Texas Constitution § LG.501.203 — SECURITIES COMMISSIONER PERMIT TO SELL SECURITIES REQUIRED, with citation guidance and answers to common questions.
§ LG.501.203. SECURITIES COMMISSIONER PERMIT TO SELL SECURITIES REQUIRED
SECURITIES COMMISSIONER PERMIT TO SELL SECURITIES REQUIRED. A corporation may not sell or offer for sale bonds or other securities until the securities commissioner grants a permit authorizing the corporation to offer and sell the bonds or other securities under the registration provisions of The Securities Act (Title 12, Government Code), except as exempted from registration by rule or order of the State Securities Board. Appeal from an adverse decision of the securities commissioner or the State Securities Board is under the administrative procedure law, Chapter 2001 , Government Code. The substantial evidence rule applies in an appeal under this subsection. Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278 ), Sec. 3.01, eff. April 1, 2009. Amended by: Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171 ), Sec. 2.37, eff. January 1, 2022.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § LG.501.203
What does The Texas Constitution § LG.501.203 cover?
Section LG.501.203 ("SECURITIES COMMISSIONER PERMIT TO SELL SECURITIES REQUIRED") 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 § LG.501.203?
A common citation format is "The Texas Constitution § LG.501.203" (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 § LG.501.203 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.