Sec. 51.152. COVER SHEET OF DISCLOSURE STATEMENT. (a) A disclosure statement must have a cover sheet titled, in at least 12-point boldface capital letters, "DISCLOSURES REQUIRED BY TEXAS LAW." The following statement must appear below the title in at least 10-point boldface type: "The State of Texas has not reviewed and does not endorse, approve, recommend, or sponsor any business opportunity. The information contained in this disclosure has not been verified by the state. If you have any questions about this investment, see an attorney before you sign a contract or agreement."
(b) Only the title and required statement may appear on the cover sheet.
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 D. Disclosure Statement
Section 51.151. Disclosure to Purchaser of Business Opportunity
Section 51.152. Cover Sheet of Disclosure Statement
Section 51.153. Contents: Names and Addresses
Section 51.154. Contents: Sales Periods
Section 51.155. Contents: Services Description
Section 51.156. Contents: Updated Financial Statement
Section 51.157. Contents: Training Description
Section 51.158. Contents: Security Description
Section 51.159. Contents: Delivery Date; Cancellation of Contract
Section 51.160. Contents: Sales or Earnings Representation
Section 51.161. Contents: Legal Action History
Section 51.162. Contents: Bankruptcy or Reorganization
Section 51.163. Contents: Contract Copy
Section 51.164. Use of Disclosure Document From Other Regulatory Agency