Tex. Finance Code § 155.007
This is the official text of Tex. Finance Code § 155.007, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 155.007. CRIMINAL PENALTY.
Official statutory text
(a) An officer or agent of a domestic or foreign corporation or company doing business in this state as a bond investment company commits an offense if:
(1) the officer or agent attempts to:
(A) place or sell shares; or
(B) transact any business on behalf of the company; and
(2) the bond investment company has not complied with the deposit requirements of this chapter.
(b) An offense under this section is punishable by:
(1) confinement in jail for a term of not more than six months or less than 30 days;
(2) a fine of not more than $1,000 or less than $100; or
(3) both the fine and confinement.
(1) the officer or agent attempts to:
(A) place or sell shares; or
(B) transact any business on behalf of the company; and
(2) the bond investment company has not complied with the deposit requirements of this chapter.
(b) An offense under this section is punishable by:
(1) confinement in jail for a term of not more than six months or less than 30 days;
(2) a fine of not more than $1,000 or less than $100; or
(3) both the fine and confinement.
Status: in_force · Read it on the official government site
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