Sec. 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.
Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.