HB 1744

Relating to the personal liability of control persons and material aiders under the Texas Securities Act; excluding claims from proportionate responsibility under Chapter 33 of the Texas Civil Practice and Remedies Code.

Principle Criteria

Free Enterprise

Property Rights

Personal Responsibility

Limited Government

Individual Liberty

Digest

HB 1744 excludes claims for liability under the Texas Securities Act from proportionate responsibility rules under Chapter 33 of the Texas Civil Practice and Remedies Code. This change ensures that control persons and material aiders in securities violations face full accountability without the possibility of sharing liability among other defendants. The Act emphasizes personal responsibility for securities-related violations

Author (1)

Mitch Little

Co-Author (5)

Andy Hopper J. M. Lozano Brent Money Tony Tinderholt Wesley Virdell

Contact the Author

Rep. Mitch Little

Capitol Phone:

(512) 463-0478

Capitol Office:

EXT E2.420

E-Mail:

[email protected]

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