Tex. Government Code § 4005.011: INSTITUTIONAL INVESTORS.

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.