Institutional Investors

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.