Texas Business & Commerce Code

§ 51.054 — FILING OF COPY OF BOND OR NOTIFICATION OF ACCOUNT

BC § 51.054Title 4. BUSINESS OPPORTUNITIES AND AGREEMENTS · Ch. 51. BUSINESS OPPORTUNITIES · Art. B. REGISTRATION OF BUSINESS OPPORTUNITY

Statute text

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A principal seller who is required to obtain a bond or establish a trust account under Subchapter C shall contemporaneously file with the secretary of state a copy of:

(1)the bond; or

(2)the formal notification by the depository that the trust account is established. Amended by:

Legislative history

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