Section 4003.009 - Renewal Of Permit(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. (V.A.C.S. Art. 581-10, Subsec. B (part).)Tex. Gov't. Code § 4003.009
Added by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. TBD,Sec. 1.01, eff. 1/1/2022.