Texas Statutes
Title 12 - Securities Act
Chapter 4005 - Exemptions

Subchapter A. Exempt Transactions

Section 4005.001. Scope of Exemption - Sec. 4005.001. SCOPE OF EXEMPTION. Except as expressly provided otherwise...

Section 4005.002. Court Supervised Sales - Sec. 4005.002. COURT SUPERVISED SALES. The exemption provided by Section...

Section 4005.003. Pledged Securities - Sec. 4005.003. PLEDGED SECURITIES. The exemption provided by Section 4005.001...

Section 4005.004. Isolated Transactions - Sec. 4005.004. ISOLATED TRANSACTIONS. (a) The exemption provided by Section...

Section 4005.005. Insurance Company Sales - Sec. 4005.005. INSURANCE COMPANY SALES. (a) The exemption provided by...

Section 4005.006. Stock Dividends - Sec. 4005.006. STOCK DIVIDENDS. The exemption provided by Section 4005.001...

Section 4005.007. Existing Security Holders - Sec. 4005.007. EXISTING SECURITY HOLDERS. (a) In this section, "existing...

Section 4005.008. Financial Distress - Sec. 4005.008. FINANCIAL DISTRESS. (a) The exemption provided by Section...

Section 4005.009. Merger, Consolidation, and Asset Sales - Sec. 4005.009. MERGER, CONSOLIDATION, AND ASSET SALES. (a) The exemption...

Section 4005.010. Exchange of Shares - Sec. 4005.010. EXCHANGE OF SHARES. (a) The exemption provided by...

Section 4005.011. Institutional Investors - Sec. 4005.011. INSTITUTIONAL INVESTORS. The exemption provided by Section 4005.001...

Section 4005.012. Private Limited Offerings - Sec. 4005.012. PRIVATE LIMITED OFFERINGS. (a) The exemption provided by...

Section 4005.013. Compensation Plans and Contracts - Sec. 4005.013. COMPENSATION PLANS AND CONTRACTS. The exemption provided by...

Section 4005.014. Mortgages and Liens - Sec. 4005.014. MORTGAGES AND LIENS. The exemption provided by Section...

Section 4005.015. Nonprofits - Sec. 4005.015. NONPROFITS. The exemption provided by Section 4005.001 applies...

Section 4005.016. Financial Institutions - Sec. 4005.016. FINANCIAL INSTITUTIONS. The exemption provided by Section 4005.001...

Section 4005.017. Government Issuance or Guarantee - Sec. 4005.017. GOVERNMENT ISSUANCE OR GUARANTEE. The exemption provided by...

Section 4005.018. Cooperatives - Sec. 4005.018. COOPERATIVES. (a) The exemption provided by Section 4005.001...

Section 4005.019. Secondary Market Sales - Sec. 4005.019. SECONDARY MARKET SALES. (a) In this section, "recognized...

Section 4005.020. Unsolicited Orders - Sec. 4005.020. UNSOLICITED ORDERS. The exemption provided by Section 4005.001...

Section 4005.021. Oil, Gas, or Mining Interests - Sec. 4005.021. OIL, GAS, OR MINING INTERESTS. (a) Subject to...

Section 4005.022. Issuer Sales of Exempt Securities - Sec. 4005.022. ISSUER SALES OF EXEMPT SECURITIES. (a) The exemption...

Section 4005.023. Options - Sec. 4005.023. OPTIONS. (a) In this section, "option" means and...

Section 4005.024. Exemptions by Rule or Order - Sec. 4005.024. EXEMPTIONS BY RULE OR ORDER. The exemption provided...

Section 4005.025. Issuance or Transfer to Nonprofits - Sec. 4005.025. ISSUANCE OR TRANSFER TO NONPROFITS. The exemption provided...

Subchapter B. Exempt Securities

Section 4005.051. Scope of Exemption - Sec. 4005.051. SCOPE OF EXEMPTION. Except as expressly provided otherwise...

Section 4005.052. Railroads or Utilities - Sec. 4005.052. RAILROADS OR UTILITIES. The exemption provided by Section...

Section 4005.053. Nonprofit Corporations - Sec. 4005.053. NONPROFIT CORPORATIONS. The exemption provided by Section 4005.051...

Section 4005.054. Listed Securities - Sec. 4005.054. LISTED SECURITIES. (a) The exemption provided by Section...

Section 4005.055. Commercial Paper - Sec. 4005.055. COMMERCIAL PAPER. The exemption provided by Section 4005.051...

Section 4005.056. Secured Debt - Sec. 4005.056. SECURED DEBT. The exemption provided by Section 4005.051...

Section 4005.057. Nonprofit Debt - Sec. 4005.057. NONPROFIT DEBT. The exemption provided by Section 4005.051...

Section 4005.058. Suspension of Exempt Status of Trading System - Sec. 4005.058. SUSPENSION OF EXEMPT STATUS OF TRADING SYSTEM. (a)...

Subchapter C. Procedures for Approval of Stock Exchange

Section 4005.101. Application for Approval - Sec. 4005.101. APPLICATION FOR APPROVAL. An organized stock exchange may...

Section 4005.102. Approval of Stock Exchange - Sec. 4005.102. APPROVAL OF STOCK EXCHANGE. The commissioner may approve...

Section 4005.103. Investigation and Hearing - Sec. 4005.103. INVESTIGATION AND HEARING. The commissioner may approve a...

Section 4005.104. Order of Approval - Sec. 4005.104. ORDER OF APPROVAL. The commissioner's approval of a...

Section 4005.105. Withdrawal of Approval - Sec. 4005.105. WITHDRAWAL OF APPROVAL. At any time, the commissioner,...