Sec. 4005.014. MORTGAGES AND LIENS. The exemption provided by Section 4005.001 applies to a single transaction in which:
(1) the securities disposed of consist exclusively of notes or bonds secured by a mortgage or vendor's lien on real property or tangible personal property; and
(2) the entire mortgage or lien is sold or transferred with all of the notes or bonds secured by the mortgage or lien.
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