By: Hancock  S.B. No. 1280          (In the Senate - Filed March 9, 2021; March 18, 2021, read   first time and referred to Committee on Business & Commerce;   March 31, 2021, reported favorably by the following vote:  Yeas 9,   Nays 0; March 31, 2021, sent to printer.)Click here to see the committee vote     A BILL TO BE ENTITLED   AN ACT     relating to certain provisions of The Securities Act for which a   person offering or selling a security may be held liable to a person   buying the security.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 4008.051(a), Government Code, is amended   to read as follows:          (a)  A person who offers or sells a security in violation of   the following is liable to a person who buys the security from the   offeror or seller:                (1)  Section 4003.001(a), [4003.002, 4003.003, or   4003.004; Subchapter B, Chapter 4003, other than Section   4003.054(b)(1); Subchapter C, Chapter 4003, other than Section   4003.103(b); Section 4004.001,] 4004.051, 4004.052, 4004.101(a),   [or] 4004.102(a), [;] or [Section] 4007.103;                (2)  Subchapter G, Chapter 4003, other than Section   4003.304, or a requirement of the commissioner under Subchapter G,   Chapter 4003, other than Section 4003.304; or                (3)  an order under Section 4007.101 or 4007.104.          SECTION 2.  This Act takes effect January 1, 2022.     * * * * *