Tex. Gov't Code § 4008.001 : Government Code — SECURITIES ACT — PRIVATE RIGHTS OF ACTION — GENERAL PROVISIONS — 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. (V.A.C.S. Art. 581-33, Subsec. K.)

Tex. Gov't. Code § 4008.001

Added by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. TBD,Sec. 1.01, eff. 1/1/2022.
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