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:

(1)

acts solely as an agent for the purchaser;

(2)

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

(3)

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 Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 4005.020’s source at texas​.gov