Sec. 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.
Structure Texas Statutes
Subchapter A. Exempt Transactions
Section 4005.001. Scope of Exemption
Section 4005.002. Court Supervised Sales
Section 4005.003. Pledged Securities
Section 4005.004. Isolated Transactions
Section 4005.005. Insurance Company Sales
Section 4005.006. Stock Dividends
Section 4005.007. Existing Security Holders
Section 4005.008. Financial Distress
Section 4005.009. Merger, Consolidation, and Asset Sales
Section 4005.010. Exchange of Shares
Section 4005.011. Institutional Investors
Section 4005.012. Private Limited Offerings
Section 4005.013. Compensation Plans and Contracts
Section 4005.014. Mortgages and Liens
Section 4005.016. Financial Institutions
Section 4005.017. Government Issuance or Guarantee
Section 4005.018. Cooperatives
Section 4005.019. Secondary Market Sales
Section 4005.020. Unsolicited Orders
Section 4005.021. Oil, Gas, or Mining Interests
Section 4005.022. Issuer Sales of Exempt Securities