The exemption provided by Section 4005.001 applies to the sale of a security made:

1. (1) at a judicial, executor's, administrator's, guardian's, or conservator's sale; or
2. (2) by a receiver or trustee in insolvency or bankruptcy.

Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.