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Texas Crowdfunding Portal Withdrawal of Registration

Category:
Texas Secretary of State - Blue Sky - State Securities Board
State:
Texas
Control #:
TX-BS-133-16
Format:
PDF
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Description

Texas Crowdfunding Portal Withdrawal of Registration Texas Crowdfunding Portal Withdrawal of Registration is a process by which a registered crowdfunding portal in the state of Texas can withdraw its registration with the Texas State Securities Board. There are two types of Texas Crowdfunding Portal Withdrawal of Registration: Voluntary Withdrawal and Involuntary Withdrawal. Voluntary Withdrawal allows a registered crowdfunding portal to withdraw its registration with the Texas State Securities Board if it meets certain criteria, such as a lack of activity in the portal or a change in the portal's business model. The portal must submit a request for withdrawal to the TSS, along with all required documentation. Involuntary Withdrawal occurs when the TSS initiates the withdrawal of a registered crowdfunding portal due to violations of the registration requirements or securities laws. The TSS will notify the portal's registered agent of the withdrawal and the portal must comply with the terms of the withdrawal or face further legal action. In both cases, the withdrawal of registration must be approved by the TSS before it is effective.

Texas Crowdfunding Portal Withdrawal of Registration is a process by which a registered crowdfunding portal in the state of Texas can withdraw its registration with the Texas State Securities Board. There are two types of Texas Crowdfunding Portal Withdrawal of Registration: Voluntary Withdrawal and Involuntary Withdrawal. Voluntary Withdrawal allows a registered crowdfunding portal to withdraw its registration with the Texas State Securities Board if it meets certain criteria, such as a lack of activity in the portal or a change in the portal's business model. The portal must submit a request for withdrawal to the TSS, along with all required documentation. Involuntary Withdrawal occurs when the TSS initiates the withdrawal of a registered crowdfunding portal due to violations of the registration requirements or securities laws. The TSS will notify the portal's registered agent of the withdrawal and the portal must comply with the terms of the withdrawal or face further legal action. In both cases, the withdrawal of registration must be approved by the TSS before it is effective.

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