Texas Business & Commerce Code

§ 51.161 — CONTENTS: LEGAL ACTION HISTORY

BC § 51.161Title 4. BUSINESS OPPORTUNITIES AND AGREEMENTS · Ch. 51. BUSINESS OPPORTUNITIES · Art. D. DISCLOSURE STATEMENT

Statute text

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(a)A disclosure statement must contain a statement disclosing any person described by Section 51.153 who:

(1)has, during the previous seven fiscal years:

(A)been convicted of a felony, or pleaded nolo contendere to a felony charge, involving fraud, embezzlement, fraudulent conversion, or misappropriation of property; or

(B)been held liable in a civil action resulting in a final judgment, or has settled out of court a civil action, involving:

(i)allegations of fraud, embezzlement, fraudulent conversion, or misappropriation of property;

(ii)the use of untrue or misleading representations in an attempt to sell or dispose of property; or

…

Legislative history

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