Texas Business Organizations Code - Section 301.011. Exemption From Securities Laws
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Texas Lawyer > Business Organizations Code > Texas Business Organizations Code - Section 301.011. Exemption From Securities Laws
§ 301.011. EXEMPTION FROM SECURITIES LAWS. (a) A sale,
issuance, or offer for sale of an ownership interest in a
professional entity to a person authorized under this title to own
an ownership interest in the professional entity is exempt from any
state law, other than this code, that regulates the sale, issuance,
or offer for sale of securities.
(b) A transaction described by Subsection (a) does not
require the approval of or other action by a state official or
regulatory agency authorized to regulate the sale, issuance, or
offer for sale of securities.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 301.004 301.005 301.006 301.007 301.008 301.009 301.010 301.011 301.012 302.001 302.002 302.003 302.004 302.005 302.006
Last modified: August 11, 2007
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