{"data":{"id":"us-tx/tex.-government-code-4005.003","jurisdiction":"us-tx","citation":"Tex. Government Code § 4005.003","heading":"PLEDGED SECURITIES.","body":"The exemption provided by Section 4005.001 applies to the sale of a security pledged in good faith as security for a bona fide debt that is made by or for the account of a pledge holder or mortgagee that is selling the security or offering the security for sale or delivery in the ordinary course of business to liquidate the debt.\nAdded by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.","path":["GOVERNMENT CODE","TITLE 12. SECURITIES ACT","CHAPTER 4005. EXEMPTIONS","SUBCHAPTER A. EXEMPT TRANSACTIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.4005.htm#4005.003","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"9bf63090c51a08736671d19a7b8d23b745765f86ec3b4d3577b38b5dd0ffb6d4","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-4005.002","next":"us-tx/tex.-government-code-4005.004"},"notice":"GroundRules: Original legal text. Not legal advice."}