Tex. Bus. & Com. Code § 51.251 · Subchapter F. TERMINATION OF BUSINESS OPPORTUNITY REGISTRATION
VOLUNTARY TERMINATION OF BUSINESS OPPORTUNITY REGISTRATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
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.
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 603b1ebe3bd68abb7c84c195d96d3819357ee7c761b2e9d60c486c2ca5e5e18c
- 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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