Tex. Bus. & Com. Code § 51.162 · Subchapter D. DISCLOSURE STATEMENT
CONTENTS: BANKRUPTCY OR REORGANIZATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A disclosure statement must contain a statement disclosing any person described by Section 51.153 who has, during the previous seven fiscal years:
(1) filed in bankruptcy;
(2) been adjudged bankrupt;
(3) been reorganized because of insolvency; or
(4) been a principal, director, executive officer, or partner of any other person that, during or not later than the first anniversary of the end of the period the person held the position in relation to the other person, filed in bankruptcy, was adjudged bankrupt, or was reorganized because of insolvency.
(b) A statement required by Subsection (a)(4) must include:
(1) the name and location of the person who filed in bankruptcy, was adjudged bankrupt, or was reorganized;
(2) the date of the filing, adjudication, or reorganization; and
(3) any other material fact relating to the filing, adjudication, or reorganization.
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 39d7e7eda804765926392578a83f0b03e9758c996c97d1c5c15eb6afef43aa43
- 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
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Business & Commerce Code
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