Texas Business & Commerce Code

§ 51.303 — REVIEW AND SUIT BY ATTORNEY GENERAL

BC § 51.303Title 4. BUSINESS OPPORTUNITIES AND AGREEMENTS · Ch. 51. BUSINESS OPPORTUNITIES · Art. G. ENFORCEMENT

(a)The attorney general may review the copy of a disclosure statement filed with the secretary of state under Subchapter B.

(b)If the disclosure statement fails to comply with this chapter, the attorney general may:

(1)notify the secretary of state and the seller in writing of the deficiency; and

(2)file suit to enjoin the seller from transacting business until the failure to comply has been corrected.

(c)If the attorney general notifies the secretary of state under Subsection (b), the secretary of state shall:

(1)attach a copy of the notice to the front of the disclosure statement; and

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Legislative history

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