Tex. Gov't Code § 4005.003
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
The exemption provided by Section 4005.001 applies to the sale of a security pledged in good faith as security for a bona fide debt that is made by or for the account of a pledge holder or mortgagee that is selling the security or offering the security for sale or delivery in the ordinary course of business to liquidate the debt. (V.A.C.S. Art. 581-5, Subsec. B.)
Tex. Gov't. Code § 4005.003