Sec. 4002.052.  MEMBERSHIP ELIGIBILITY.  A person is not eligible for appointment to the board if the person or the person's spouse:
(1)  is registered as a dealer, agent, investment adviser, or investment adviser representative;
(2)  has an active notice filing under this title to engage in business in this state as an investment adviser or investment adviser representative;
(3)  is employed by or participates in the management of a business entity engaged in business as a securities dealer or investment adviser; or
(4)  has, other than as a consumer, a financial interest in a business entity engaged in business as a securities dealer or investment adviser.
Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.