Texas Business & Commerce Code

§ 51.051 — FILING OF DISCLOSURE STATEMENTS AND LIST OF SELLERS

BC § 51.051Title 4. BUSINESS OPPORTUNITIES AND AGREEMENTS · Ch. 51. BUSINESS OPPORTUNITIES · Art. B. REGISTRATION OF BUSINESS OPPORTUNITY

Statute text

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Before a sale or offer for sale, including advertising, of a business opportunity, the principal seller must register the business opportunity with the secretary of state by filing:

(1)a copy of the disclosure statement required by Subchapter D, except as provided by Section 51.053; and

(2)a list of the name and resident address of any individual who sells or will sell the business opportunity for the principal seller. Amended by:

Legislative history

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