Tex. Gov't Code Section 4005.011
Institutional Investors

The exemption provided by Section 4005.001 (Scope of Exemption) applies to the sale of a security to:

(1)

a bank;

(2)

a trust company;

(3)

a building and loan association;

(4)

a savings and loan association;

(5)

an insurance company;

(6)

a surety or guaranty company;

(7)

a savings institution;

(8)

an investment company as defined by the Investment Company Act of 1940 (15 U.S.C. Section 80a-1 et seq.);

(9)

a small business investment company as defined by the Small Business Investment Act of 1958 (15 U.S.C. Section 661 et seq.); or

(10)

a registered dealer actually engaged in buying and selling securities.
Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.

Source: Section 4005.011 — Institutional Investors, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­4005.­htm#4005.­011 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 4005.011’s source at texas​.gov