Text of section effective on January 01, 2022
Sec. 4002.052. MEMBERSHIP ELIGIBILITY. A person is not eligible for appointment to the board if the person or the person's spouse:
(1) is registered as a dealer, agent, investment adviser, or investment adviser representative;
(2) has an active notice filing under this title to engage in business in this state as an investment adviser or investment adviser representative;
(3) is employed by or participates in the management of a business entity engaged in business as a securities dealer or investment adviser; or
(4) has, other than as a consumer, a financial interest in a business entity engaged in business as a securities dealer or investment adviser.
Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.
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