Text of section effective on January 01, 2022
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.
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