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TITLE 7 | BANKING AND SECURITIES |
PART 7 | STATE SECURITIES BOARD |
CHAPTER 139 | EXEMPTIONS BY RULE OR ORDER |
RULE §139.9 | Bank Holding Companies |
A bank holding company with fewer than 500 shareholders that owns the majority of the voting shares of a bank domiciled in Texas is hereby exempted from the dealer registration requirements of the Securities Act, §12, with respect to its participation in a sale or other transaction involving its own securities or the securities of a bank where the bank holding company owns a majority of the voting shares of such bank. |
Source Note: The provisions of this §139.9 adopted to be effective January 12, 1984, 8 TexReg 5532. |