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Texas Business & Commerce Code

§ 54.003 — PAYMENT ON TERMINATION OF CERTAIN COMPENSATION AGREEMENTS

BC § 54.003Title 4. BUSINESS OPPORTUNITIES AND AGREEMENTS · Ch. 54. COMPENSATION AGREEMENTS FOR SALES REPRESENTATIVES

Statute text

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If a compensation agreement between a sales representative and a principal that does not comply with Section 54.002 is terminated, the principal shall pay all commissions due the sales representative not later than the 30th working day after the date of the termination. 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 § 54.003 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.