Tex. Business & Commerce Code § 51.251
This is the official text of Tex. Business & Commerce Code § 51.251, part of Texas’s Business & Commerce Code — governs commercial transactions and general business practices.
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§ 51.251. VOLUNTARY TERMINATION OF BUSINESS OPPORTUNITY REGISTRATION.
Official statutory text
The principal seller of a registered business opportunity may voluntarily terminate the business opportunity's registration with the secretary of state if:
(1) the registered business opportunity will no longer be offered in this state;
(2) the registered business opportunity has changed to the extent that it no longer meets the definition of a business opportunity under Section 51.003(a);
(3) the registered business opportunity has become exempt under Section 51.003(b); or
(4) the principal seller offering the registered business opportunity ceases to exist as a legal entity.
(1) the registered business opportunity will no longer be offered in this state;
(2) the registered business opportunity has changed to the extent that it no longer meets the definition of a business opportunity under Section 51.003(a);
(3) the registered business opportunity has become exempt under Section 51.003(b); or
(4) the principal seller offering the registered business opportunity ceases to exist as a legal entity.
Status: in_force · Read it on the official government site
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