This law outlines exceptions to certain requirements for individuals acting on behalf of a money services licensee. It specifically addresses proxies, heirs, and personal representatives who gain control over such entities under specific circumstances.
Exempts proxies voting at shareholder meetings from certain requirements.
Allows control acquisition by heirs without additional requirements.
Covers personal representatives acting on behalf of a licensee.
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In simple terms: Learn about Texas's Introductory Material law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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