Texas Government Code 4007.207 – Noncompliant Offer or Offer Prohibited by Cease Publication Order; Offense
Current as of: 2024 | Check for updates
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(a) A person commits an offense if the person:
(1) makes an offer of a security in this state that does not comply with the requirements governing offers specified in Subchapter E, Chapter 4003; or
(2) knowingly makes an offer of a security in this state that is prohibited by a cease publication order issued by the commissioner under § 4007.103.
(b) An offense under this section is a state jail felony.
Attorney's Note
Under the Texas Codes, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| State jail felony | between 180 days and 2 years | up to $10,000 |
Terms Used In Texas Government Code 4007.207
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005