GOVERNMENT CODE

TITLE 12.  SECURITIES ACT

CHAPTER 4008.  PRIVATE RIGHTS OF ACTION

SUBCHAPTER A.  GENERAL PROVISIONS

Sec. 4008.001.  UNENFORCEABILITY OF ILLEGAL CONTRACTS.  A person may not base a suit on a contract if the person:
(1)  made or engaged in the performance of the contract in violation of this title or a rule, order, or requirement under this title; or
(2)  acquired any purported right under the contract with knowledge of the facts by reason of which the contract's making or performance was in violation of this title or a rule, order, or requirement under this title.
Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.