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Tex. Business & Commerce Code § 51.051

This is the official text of Tex. Business & Commerce Code § 51.051, part of Texas’s Business & Commerce Code — governs commercial transactions and general business practices.

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§ 51.051. FILING OF DISCLOSURE STATEMENTS AND LIST OF SELLERS.

Official statutory text

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.

Status: in_force · Read it on the official government site

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