Tex. Gov't Code Section 4005.020
Unsolicited Orders

The exemption provided by Section 4005.001 (Scope of Exemption) applies to a dealer’s execution of an unsolicited order for the purchase of securities for which the initial offering of the securities has been completed if the dealer:


acts solely as an agent for the purchaser;


does not have a direct or indirect interest in the sale or distribution of securities ordered; and


does not receive a commission, profit, or other compensation from any source other than the purchaser.
Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.

Source: Section 4005.020 — Unsolicited Orders, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­4005.­htm#4005.­020 (accessed Dec. 2, 2023).

Dec. 2, 2023

§ 4005.020’s source at texas​.gov