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Texas Business & Commerce Code

§ 51.251 — VOLUNTARY TERMINATION OF BUSINESS OPPORTUNITY REGISTRATION

BC § 51.251Title 4. BUSINESS OPPORTUNITIES AND AGREEMENTS · Ch. 51. BUSINESS OPPORTUNITIES · Art. F. TERMINATION OF BUSINESS OPPORTUNITY REGISTRATION

Statute text

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The principal seller of a registered business opportunity may voluntarily terminate the business opportunity's registration with the secretary of state if:
(1)the registered business opportunity will no longer be offered in this state;
(2)the registered business opportunity has changed to the extent that it no longer meets the definition of a business opportunity under Section 51.003(a);
(3)the registered business opportunity has become exempt under Section 51.003(b); or
(4)the principal seller offering the registered business opportunity ceases to exist as a legal entity. 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 § 51.251 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.