Skip to main content
Find a Lawyer

Texas Government Code - GOV'T § 4003.252. Crowdfunding

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

(a) The board shall adopt rules to regulate and facilitate online intrastate crowdfunding applicable to authorized small business development entities.  The board may create other requirements necessary to carry out this subchapter.

(b) The rules must:

(1) allow an authorized small business development entity to list on the entity's web portal offerings of securities by issuers in which the entity is financially interested;

(2) allow an authorized small business development entity and the entity's web portal to list offerings of securities without offering investment advice;

(3) allow an authorized small business development entity to subcontract the operations of a crowdfunding web portal to a third party as permitted by board rule;  and

(4) limit the offerings of securities on an authorized small business development entity's web portal to securities of issuers located within the service area of the entity.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Texas Government Code - GOV'T § 4003.252. Crowdfunding - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-4003-252/

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.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard