Texas Business & Commerce Code
§ 51.301 — PROHIBITED ACTS
BC § 51.301Title 4. BUSINESS OPPORTUNITIES AND AGREEMENTS · Ch. 51. BUSINESS OPPORTUNITIES · Art. G. ENFORCEMENT
Statute text
View on sourceA seller may not:
(1)employ a representation, device, scheme, or artifice to deceive a purchaser;
(2)make an untrue statement of a material fact or omit to state a material fact in connection with the documents and information required to be provided to the secretary of state or purchaser;
(3)represent that the business opportunity provides or will provide income or earning potential unless the seller:
(A)has documented data to substantiate the representation of income or earning potential; and
(B)discloses the data to the purchaser when the representation is made; or
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Legislative history
Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.