Tex. Insurance Code § 548.004
RULES RELATING TO EQUITY SECURITIES AND EXEMPT SECURITIES
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 548.004, RULES RELATING TO EQUITY SECURITIES AND EXEMPT SECURITIES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/678435
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Full text
(a) If the commissioner considers it necessary or appropriate in the public interest or for the protection of investors, the commissioner by rule may define:
(1) "equity security" to include a security that is similar in nature to an equity security; and
(2) "exempt security" for purposes of this chapter.
(b) In adopting a rule under Subsection (a)(2), the commissioner may define the term conditionally, on specified terms, or for a stated period.