Sec. 51.051. FILING OF DISCLOSURE STATEMENTS AND LIST OF SELLERS. Before a sale or offer for sale, including advertising, of a business opportunity, the principal seller must register the business opportunity with the secretary of state by filing:
(1) a copy of the disclosure statement required by Subchapter D, except as provided by Section 51.053; and
(2) a list of the name and resident address of any individual who sells or will sell the business opportunity for the principal seller.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.
Structure Texas Statutes
Title 4 - Business Opportunities and Agreements
Chapter 51 - Business Opportunities
Subchapter B. Registration of Business Opportunity
Section 51.051. Filing of Disclosure Statements and List of Sellers
Section 51.052. Updating of Information on File
Section 51.053. Filing of Disclosure Document From Other Regulatory Agency
Section 51.054. Filing of Copy of Bond or Notification of Account