Tex. Bus. & Com. Code § 17.83 · Subchapter F. GOING OUT OF BUSINESS SALES
ORIGINAL INVENTORY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) To conduct a going out of business sale, a person must file an original inventory with the chief appraiser of the appraisal district in which the person's principal place of business in the state is located. The original inventory must be accompanied by a filing fee of $20.
(b) The original inventory must include:
(1) the name and address of the owner of the goods, wares, or merchandise to be sold;
(2) the name and address of the owner of the defunct business, the former stock in trade of which is to be offered for sale, and the full name of the defunct business;
(3) a description of the place where the liquidation sale is to be held;
(4) a statement of the beginning and ending dates of the sale;
(5) a complete and detailed inventory of the goods, wares, and merchandise to be offered on the beginning date of the sale and the total cost of those items; and
(6) a complete and detailed list of the goods, wares, and merchandise to be added to the inventory after the beginning date of the sale and the total cost of those items.
Notes and commentary — not statutory text
History
Added by Acts 1985, 69th Leg., ch. 172, Sec. 1, eff. Sept. 1, 1985. Amended by Acts 2001, 77th Leg., ch. 291, Sec. 1, eff. Sept. 1, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BC/htm/BC.17.htm
- Text hash
- sha256 305c471e98dfafbaff025e98968ff8e056c61c87a33704796de903c04277007a
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
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Business & Commerce Code
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