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Texas Government Code - GOV'T § 4003.009. Renewal of Permit

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

(a) An issuer or registered dealer may file a renewal application with the commissioner if the securities authorized to be sold under a permit qualifying securities for sale that is issued under this subchapter are not sold before the permit expires.

(b) The renewal application must:

(1) state:

(A) the total number of shares sold in this state;

(B) the total number of shares sold outside this state;  and

(C) the total number of shares outstanding;

(2) contain a detailed balance sheet;

(3) contain an operating statement;  and

(4) provide any other information the commissioner may require.

(c) The commissioner shall examine a renewal application and issue a renewal permit or deny the application using the standards stated in Section 4003.006 applicable to an original application.

(d) If issued, a renewal permit:

(1) is valid for one year;  and

(2) must be in the form the commissioner prescribes.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 4003.009. Renewal of Permit - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-4003-009/

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