{"data":{"id":"us-tx/tex.-government-code-4005.011","jurisdiction":"us-tx","citation":"Tex. Government Code § 4005.011","heading":"INSTITUTIONAL INVESTORS.","body":"The exemption provided by Section 4005.001 applies to the sale of a security to:\n(1) a bank;\n(2) a trust company;\n(3) a building and loan association;\n(4) a savings and loan association;\n(5) an insurance company;\n(6) a surety or guaranty company;\n(7) a savings institution;\n(8) an investment company as defined by the Investment Company Act of 1940 (15 U.S.C. Section 80a-1 et seq.);\n(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\n(10) a registered dealer actually engaged in buying and selling securities.\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#4005.011","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"c4d284ba279662d40635b5d67ebc720740fdb4952136e03e552914472234d343","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-4005.010","next":"us-tx/tex.-government-code-4005.012"},"notice":"GroundRules: Original legal text. Not legal advice."}