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.