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TITLE 7 - BANKING AND SECURITIES
PART 1 - FINANCE COMMISSION OF TEXAS
CHAPTER 3 - STATE BANK REGULATION
SUBCHAPTER A - SECURITIES ACTIVITIES AND SUBSIDIARIES
SECTION/RULE §3.1 - Private Placement of Securities
Chapter Review Date 04/22/2022

A state-chartered bank may engage in private placement transactions by acting as broker and bringing together buyers and sellers of privately placed instruments. The term "private placement transactions" means:(1) making recommendations regarding the terms and timing of the transaction;(2) assisting in the preparation of the financing documents;(3) contacting potential institutional investors;(4) arranging meetings between the issuer and potential investors; and(5) assisting in subsequent negotiations involving these parties.

Source Note: The provisions of this §3.1 adopted to be effective August 19, 1985, 10 TexReg 2542; amended to be effective May 17, 1996, 21 TexReg 3929; amended to be effective September 8, 2022, 47 TexReg 5328.

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