Texas Vernon's Texas Civil Statutes - Article 581-12-1. Notice Filing For Federal Covered Investment Advisers And Representatives Of Federal Covered Investment Advisers

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Art. 581-12-1. NOTICE FILING FOR FEDERAL COVERED INVESTMENT 
ADVISERS AND REPRESENTATIVES OF FEDERAL COVERED INVESTMENT 
ADVISERS.  A. This section does not apply to an investment adviser 
or investment adviser representative that is exempt from 
registration under this Act or Board rule.
	B. The Board by rule shall authorize a federal covered 
investment adviser or a representative of a federal covered 
investment adviser to engage in rendering services as an investment 
adviser in this state on submission to and receipt by the 
Commissioner of:
	(1)  a notice filing on the form and containing the 
information prescribed by the Commissioner and, if applicable, a 
consent to service appointing the Commissioner as the adviser's 
agent for service of process as required by Section 8 of this Act;  
and
	(2)  a fee in the amount determined under Sections 35 and 41 
of this Act.    
	C. After the notice filing fee is paid and all the 
requirements for a notice filing under Subsection B of this section 
are met, a notice filing submitted under this section takes effect 
and is valid for the remainder of the calendar year.  A federal 
covered investment adviser or federal covered investment adviser 
representative may renew a notice filing on or before its 
expiration date on submission to and receipt by the Commissioner 
of:
	(1)  a renewal notice filing;  and                                             
	(2)  a renewal fee in the amount determined under Sections 35 
and 41 of this Act.

Added by Acts 2001, 77th Leg., ch. 1091, Sec. 2.09, eff. Sept. 1, 
2001.     

Last modified: August 10, 2007