Texas Business & Commerce Code - Section 38.053. Persons Or Items Regulated By Other Law
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Texas Laws > Business & Commerce Code > Texas Business & Commerce Code - Section 38.053. Persons Or Items Regulated By Other Law
§ 38.053. PERSONS OR ITEMS REGULATED BY OTHER LAW. This
chapter does not apply to:
(1) a person offering or selling a security that has
been qualified for sale under Section 7, The Securities Act
(Article 581-7, Vernon's Texas Civil Statutes), or that is subject
to an exemption under Section 5 or 6 of that Act;
(2) a publicly traded corporation registered with the
Securities and Exchange Commission or the State Securities Board,
or a subsidiary or agent of the corporation;
(3) a person licensed under the Insurance Code if the
solicited transaction is governed by the Insurance Code;
(4) a supervised financial institution or parent,
subsidiary, or affiliate of a supervised financial institution;
(5) a person or affiliate of a person whose business is
regulated by the Public Utility Commission of Texas, except that
this chapter applies to a person or affiliate of a person who is
regulated by the Public Utility Commission of Texas only with
respect to one or more automated dial announcing devices;
(6) a person subject to the control or licensing
regulations of the Federal Communications Commission;
(7) a person selling a contractual plan regulated by
the Federal Trade Commission trade regulation on use of negative
option plans by sellers in commerce under 16 C.F.R. Part 425;
(8) a person subject to the filing requirements of
Chapter 1803, Occupations Code; or
(9) a person soliciting a transaction regulated by the
Commodity Futures Trading Commission if the person is registered or
temporarily licensed for that activity with the Commodity Futures
Trading Commission under the Commodity Exchange Act (7 U.S.C.
Section 1 et seq.) and the registration or license has not expired
or been suspended or revoked.
Added by Acts 1997, 75th Leg., ch. 1008, § 2, eff. Sept. 1, 1997.
Amended by Acts 2001, 77th Leg., ch. 1420, § 14.730, eff. Sept.
1, 2001.
Section: 37.04 37.05 38.001 38.002 38.003 38.051 38.052 38.053 38.054 38.055 38.056 38.057 38.058 38.059 38.060
Last modified: August 11, 2007
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