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A Model State Crowdfunding Law

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September 30, 2014 | Blog Post
Cherry Hill, NJ

I was asked recently to draft a Crowdfunding statute for Texas, to augment the proposals made by the Texas State Securities Board. Having done that, I have turned my Texas statute into a model law that could be used by any state, including the handful that have already adopted Crowdfunding in one form or another. The model law is a PDF here.

I drafted the model statute with these goals:

These are some of the key features:

Everything is about balance. Without overwhelming issuers with bureaucracy, the statute protects investors and creates an ecosystem where capitalism can flourish.

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