The 1975 Amendments to the Texas Business Corporation Act and the Texas Securities Act

Abstract

Discusses the main amendments to the securities act which include exemptions from registration, rule-making authority for the Texas Securities Board, clarifications of sec 334 of the Act, and a remedy to receivership in certain cases brought by the attorney general. The author believes the 1975 amendments appear to have resolved a number of problems in this area of the law. However, the author foresees future problems that might arise once the amendments are put into practice.