The exemption provided by Section 4005.001 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.