Sec. 155.007. CRIMINAL PENALTY. (a) An officer or agent of a domestic or foreign corporation or company doing business in this state as a bond investment company commits an offense if:
(1) the officer or agent attempts to:
(A) place or sell shares; or
(B) transact any business on behalf of the company; and
(2) the bond investment company has not complied with the deposit requirements of this chapter.
(b) An offense under this section is punishable by:
(1) confinement in jail for a term of not more than six months or less than 30 days;
(2) a fine of not more than $1,000 or less than $100; or
(3) both the fine and confinement.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Section: Previous 155.001 155.002 155.003 155.004 155.005 155.006Last modified: September 28, 2016