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Texas Finance Code - FIN § 155.007. Criminal Penalty

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) An officer or agent of a domestic or foreign corporation or company doing business in this state as a bond investment company commits an offense if:

(1) the officer or agent attempts to:

(A) place or sell shares; or

(B) transact any business on behalf of the company; and

(2) the bond investment company has not complied with the deposit requirements of this chapter.

(b) An offense under this section is punishable by:

(1) confinement in jail for a term of not more than six months or less than 30 days;

(2) a fine of not more than $1,000 or less than $100; or

(3) both the fine and confinement.

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Cite this article: FindLaw.com - Texas Finance Code - FIN § 155.007. Criminal Penalty - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-155-007/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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