Texas Statutes
Title 4 - Business Opportunities and Agreements
Chapter 51 - Business Opportunities

Subchapter A. General Provisions

Section 51.001. Short Title - Sec. 51.001. SHORT TITLE. This chapter may be cited as...

Section 51.002. General Definitions - Sec. 51.002. GENERAL DEFINITIONS. In this chapter: (1) "Business opportunity...

Section 51.003. Definition of Business Opportunity - Sec. 51.003. DEFINITION OF BUSINESS OPPORTUNITY. (a) In this chapter,...

Section 51.004. Liberal Construction and Application - Sec. 51.004. LIBERAL CONSTRUCTION AND APPLICATION. (a) This chapter shall...

Section 51.005. Burden of Proof - Sec. 51.005. BURDEN OF PROOF. A person who claims to...

Section 51.006. Waiver - Sec. 51.006. WAIVER. A waiver of this chapter is contrary...

Section 51.007. Maintenance of Records - Sec. 51.007. MAINTENANCE OF RECORDS. (a) A seller shall maintain...

Section 51.008. Filing Fee - Sec. 51.008. FILING FEE. The secretary of state may charge...

Section 51.009. Rules - Sec. 51.009. RULES. The secretary of state may adopt rules...

Subchapter B. Registration of Business Opportunity

Section 51.051. Filing of Disclosure Statements and List of Sellers - Sec. 51.051. FILING OF DISCLOSURE STATEMENTS AND LIST OF SELLERS....

Section 51.052. Updating of Information on File - Sec. 51.052. UPDATING OF INFORMATION ON FILE. (a) A copy...

Section 51.053. Filing of Disclosure Document From Other Regulatory Agency - Sec. 51.053. FILING OF DISCLOSURE DOCUMENT FROM OTHER REGULATORY AGENCY....

Section 51.054. Filing of Copy of Bond or Notification of Account - Sec. 51.054. FILING OF COPY OF BOND OR NOTIFICATION OF...

Subchapter C. Bond, Trust Account, or Letter of Credit

Section 51.101. Bond, Trust Account, or Letter of Credit Required - Sec. 51.101. BOND, TRUST ACCOUNT, OR LETTER OF CREDIT REQUIRED....

Section 51.102. Action Against Bond, Trust Account, or Letter of Credit - Sec. 51.102. ACTION AGAINST BOND, TRUST ACCOUNT, OR LETTER OF...

Subchapter D. Disclosure Statement

Section 51.151. Disclosure to Purchaser of Business Opportunity - Sec. 51.151. DISCLOSURE TO PURCHASER OF BUSINESS OPPORTUNITY. (a) Except...

Section 51.152. Cover Sheet of Disclosure Statement - Sec. 51.152. COVER SHEET OF DISCLOSURE STATEMENT. (a) A disclosure...

Section 51.153. Contents: Names and Addresses - Sec. 51.153. CONTENTS: NAMES AND ADDRESSES. A disclosure statement must...

Section 51.154. Contents: Sales Periods - Sec. 51.154. CONTENTS: SALES PERIODS. A disclosure statement must: (1)...

Section 51.155. Contents: Services Description - Sec. 51.155. CONTENTS: SERVICES DESCRIPTION. A disclosure statement must contain:...

Section 51.156. Contents: Updated Financial Statement - Sec. 51.156. CONTENTS: UPDATED FINANCIAL STATEMENT. A disclosure statement must...

Section 51.157. Contents: Training Description - Sec. 51.157. CONTENTS: TRAINING DESCRIPTION. If the seller promises training,...

Section 51.158. Contents: Security Description - Sec. 51.158. CONTENTS: SECURITY DESCRIPTION. If the seller is required...

Section 51.159. Contents: Delivery Date; Cancellation of Contract - Sec. 51.159. CONTENTS: DELIVERY DATE; CANCELLATION OF CONTRACT. If the...

Section 51.160. Contents: Sales or Earnings Representation - Sec. 51.160. CONTENTS: SALES OR EARNINGS REPRESENTATION. If the seller...

Section 51.161. Contents: Legal Action History - Sec. 51.161. CONTENTS: LEGAL ACTION HISTORY. (a) A disclosure statement...

Section 51.162. Contents: Bankruptcy or Reorganization - Sec. 51.162. CONTENTS: BANKRUPTCY OR REORGANIZATION. (a) A disclosure statement...

Section 51.163. Contents: Contract Copy - Sec. 51.163. CONTENTS: CONTRACT COPY. A disclosure statement must contain...

Section 51.164. Use of Disclosure Document From Other Regulatory Agency - Sec. 51.164. USE OF DISCLOSURE DOCUMENT FROM OTHER REGULATORY AGENCY....

Subchapter E. Business Opportunity Contract

Section 51.201. Form of Business Opportunity Contract - Sec. 51.201. FORM OF BUSINESS OPPORTUNITY CONTRACT. A business opportunity...

Section 51.202. Delivery of Copies of Documents to Purchaser - Sec. 51.202. DELIVERY OF COPIES OF DOCUMENTS TO PURCHASER. A...

Section 51.203. Effect of Assignment of Business Opportunity Contract - Sec. 51.203. EFFECT OF ASSIGNMENT OF BUSINESS OPPORTUNITY CONTRACT. An...

Subchapter F. Termination of Business Opportunity Registration

Section 51.251. Voluntary Termination of Business Opportunity Registration - Sec. 51.251. VOLUNTARY TERMINATION OF BUSINESS OPPORTUNITY REGISTRATION. The principal...

Section 51.252. Involuntary Termination of Business Opportunity Registration - Sec. 51.252. INVOLUNTARY TERMINATION OF BUSINESS OPPORTUNITY REGISTRATION. (a) The...

Subchapter G. Enforcement

Section 51.301. Prohibited Acts - Sec. 51.301. PROHIBITED ACTS. A seller may not: (1) employ...

Section 51.302. Deceptive Trade Practice; Remedies - Sec. 51.302. DECEPTIVE TRADE PRACTICE; REMEDIES. (a) A violation of...

Section 51.303. Review and Suit by Attorney General - Sec. 51.303. REVIEW AND SUIT BY ATTORNEY GENERAL. (a) The...