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Texas Business & Commerce Code

§ 51.151 — DISCLOSURE TO PURCHASER OF BUSINESS OPPORTUNITY

BC § 51.151Title 4. BUSINESS OPPORTUNITIES AND AGREEMENTS · Ch. 51. BUSINESS OPPORTUNITIES · Art. D. DISCLOSURE STATEMENT

Statute text

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(a)Except as provided by Section 51.164, a seller must provide a purchaser with a written disclosure statement that meets the requirements of this subchapter.
(b)The seller must provide the disclosure statement at least 10 business days before the earlier of the date:
(1)the purchaser signs a business opportunity contract; or
(2)the seller receives any consideration. 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 § 51.151 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.