Text of section effective until January 01, 2022
Sec. 103.033. MISCELLANEOUS FEES AND COSTS: THE SECURITIES ACT. A fee shall be collected for the sale of securities under an offering that has not been registered, if the transaction or securities are not exempt under Section 35-2, The Securities Act (Article 581-35-2, Vernon's Texas Civil Statutes), in an amount set by the securities commissioner or court, but not to exceed six times the amount that would have been paid if the issuer had filed an application to register the securities and paid the fee prescribed based on the amount of sales made in this state within the prior three years, plus interest on that amount from the date of the first sale made in this state until the date the fee is paid.
Added by Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 7.116, eff. September 1, 2007.
Amended by:
Acts 2013, 83rd Leg., R.S., Ch. 161 (S.B. 1093), Sec. 9.109(a), eff. September 1, 2013.
Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 2.17, eff. January 1, 2022.
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