Text of section effective on January 01, 2022
Sec. 4005.020. UNSOLICITED ORDERS. The exemption provided by Section 4005.001 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.
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