| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 87R7567 MLH-F | |
| 2 | 2 | By: Anchia H.B. No. 3443 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | A BILL TO BE ENTITLED | |
| 6 | 6 | AN ACT | |
| 7 | 7 | relating to certain provisions of The Securities Act for which a | |
| 8 | 8 | person offering or selling a security may be held liable to a person | |
| 9 | 9 | buying the security. | |
| 10 | 10 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 11 | 11 | SECTION 1. Section 4008.051(a), Government Code, is amended | |
| 12 | 12 | to read as follows: | |
| 13 | 13 | (a) A person who offers or sells a security in violation of | |
| 14 | 14 | the following is liable to a person who buys the security from the | |
| 15 | 15 | offeror or seller: | |
| 16 | 16 | (1) Section 4003.001(a), [4003.002, 4003.003, or | |
| 17 | 17 | 4003.004; Subchapter B, Chapter 4003, other than Section | |
| 18 | 18 | 4003.054(b)(1); Subchapter C, Chapter 4003, other than Section | |
| 19 | 19 | 4003.103(b); Section 4004.001,] 4004.051, 4004.052, 4004.101(a), | |
| 20 | 20 | [or] 4004.102(a), [;] or [Section] 4007.103; | |
| 21 | 21 | (2) Subchapter G, Chapter 4003, other than Section | |
| 22 | 22 | 4003.304, or a requirement of the commissioner under Subchapter G, | |
| 23 | 23 | Chapter 4003, other than Section 4003.304; or | |
| 24 | 24 | (3) an order under Section 4007.101 or 4007.104. | |
| 25 | 25 | SECTION 2. This Act takes effect January 1, 2022. |