Tex. Fin. Code Section 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.

Source: Section 155.007 — Criminal Penalty, https://statutes.­capitol.­texas.­gov/Docs/FI/htm/FI.­155.­htm#155.­007 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 155.007’s source at texas​.gov