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Texas Government Code - GOV'T § 4003.052. Registration Statement Required

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

(a) To register securities by notification that are entitled to that registration, an issuer of the securities or a registered dealer must file with the commissioner a registration statement that complies with this section.

(b) A registration statement filed under this section must:

(1) be in the form the commissioner prescribes;

(2) be signed by the applicant filing the statement;  and

(3) contain the following information:

(A) the name and business address of the main office of the issuer of the securities to be registered and the address of the issuer's principal office, if any, in this state;

(B) the title of the securities to be registered and the total amount of securities to be offered;

(C) the price at which the securities are to be offered for sale to the public, the amount of securities to be offered in this state, and the amount of the registration fee, computed as provided by Chapter 4006;

(D) a brief statement of the facts showing that the securities are entitled to be registered by notification;

(E) the name and business address of the applicant filing the statement;

(F) subject to Subsection (c) and except as provided by Section 4003.053, financial statements that include, for at least the three years preceding the date of registration:

(i) a certified income statement;

(ii) a certified balance sheet;  and

(iii) a certified statement of stockholders' equity;

(G) a copy of any prospectus describing the securities;  and

(H) a filing of a consent to service of process conforming to the requirements of Section 4001.102, if the issuer:

(i) is registering the securities;  and

(ii) is not a resident of this state or incorporated or formed under the laws of this state.

(c) The financial statements described by Subsection (b)(3)(F) must reflect the financial condition of the issuer of the securities to be registered on a date not earlier than the 90th day before the date the issuer or registered dealer files the registration statement.

(d) Filing a registration statement that complies with this section constitutes the registration of the securities by notification, subject to Section 4003.055.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 4003.052. Registration Statement Required - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-4003-052/

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