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Texas Business & Commerce Code

§ 51.007 — MAINTENANCE OF RECORDS

BC § 51.007Title 4. BUSINESS OPPORTUNITIES AND AGREEMENTS · Ch. 51. BUSINESS OPPORTUNITIES · Art. A. GENERAL PROVISIONS

Statute text

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(a)A seller shall maintain a complete set of books, records, and accounts of business opportunity sales made by the seller.
(b)A document relating to a business opportunity sold or leased shall be maintained until the fourth anniversary of the date of the business opportunity contract. Amended by:

Legislative history

Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.

Source: Texas Business & Commerce Code § 51.007 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.