Sec. 4005.016.  FINANCIAL INSTITUTIONS.  The exemption provided by Section 4005.001 applies to:
(1)  the sale, by the issuer itself or by a registered dealer, of any security issued or guaranteed by:
(A)  a bank organized and subject to regulation under the laws of:
(i)  the United States; or
(ii)  a state, territory, or insular possession of the United States; or
(B)  a savings and loan association organized and subject to regulation under the laws of this state; or
(2)  the sale, by the issuer itself, of any security issued by a federal savings and loan association.
Added by Acts 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 1.01, eff. January 1, 2022.