Tex. Bus. & Com. Code § 51.153 · Subchapter D. DISCLOSURE STATEMENT
CONTENTS: NAMES AND ADDRESSES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A disclosure statement must contain:
(1) the name of the seller;
(2) each name under which the seller has transacted, is transacting, or intends to transact business;
(3) the name of any parent or affiliated company that will engage in a business transaction with the purchaser or that takes responsibility for statements made by the seller; and
(4) the names, addresses, and titles of:
(A) the seller's officers, directors, trustees, general partners, general managers, and principal executives;
(B) shareholders owning more than 20 percent of the shares of the seller; and
(C) any other persons responsible for the seller's business activities relating to the sale of business opportunities.
Notes and commentary — not statutory text
History
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BC/htm/BC.51.htm
- Text hash
- sha256 3876200e8fdccf675f7830d6c14296a79ac08dcd8e3eb1e784b137295c36c839
- 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 2 provisions
Provisions in this library whose text cites Tex. Bus. & Com. Code § 51.153. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.