Tex. Gov't Code § 4005.051
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Except as expressly provided otherwise in this title, this title does not apply to a security described by this subchapter when offered for sale, sold, or dealt in by a registered dealer or a registered dealer's agent. (V.A.C.S. Art. 581-6 (part).)
Tex. Gov't. Code § 4005.051