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Texas Business & Commerce Code

§ 17.83 — ORIGINAL INVENTORY

BC § 17.83Title 2. COMPETITION AND TRADE PRACTICES · Ch. 17. DECEPTIVE TRADE PRACTICES · Art. F. GOING OUT OF BUSINESS SALES

Statute text

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(a)To conduct a going out of business sale, a person must file an original inventory with the chief appraiser of the appraisal district in which the person's principal place of business in the state is located. The original inventory must be accompanied by a filing fee of $20.
(b)The original inventory must include:
(1)the name and address of the owner of the goods, wares, or merchandise to be sold;
(2)the name and address of the owner of the defunct business, the former stock in trade of which is to be offered for sale, and the full name of the defunct business;
(3)a description of the place where the liquidation sale is to be held;
(4)a statement of the beginning and ending dates of the sale;

Legislative history

Added by Acts 1985, 69th Leg., ch. 172, Sec. 1, eff. Sept. 1, 1985. Amended by Acts 2001, 77th Leg., ch. 291, Sec. 1, eff. Sept. 1, 2001.

Source: Texas Business & Commerce Code § 17.83 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.