Tex. Gov't Code § 466.159 · Subchapter D. LICENSING OF SALES AGENTS
DEATH, DISSOLUTION, OR BANKRUPTCY OF SALES AGENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A license issued under this chapter expires on:
(1) the death of a sales agent who is an individual;
(2) the dissolution of a sales agent that is not an individual; or
(3) the bankruptcy or receivership of a sales agent.
(b) If a license expires under Subsection (a) and the sales agent's successor in interest desires to operate the sales agency, the successor shall file an application for an extended license not later than the 30th day after the date the license expired. The application must state the basis for the applicant's claim to be the successor in interest to the sales agent and must contain a certification that the applicant would be eligible for a license under Section 466.155. The director shall permit a qualified applicant to operate under an extended license for not more than one year or until a new license is issued to the applicant, whichever occurs first.
Notes and commentary — not statutory text
History
Added by Acts 1993, 73rd Leg., ch. 107, Sec. 4.03(b), eff. Aug. 30, 1993.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.466.htm
- Text hash
- sha256 04b24ad4957579cbee40f12dc1d5ee297b0f514f5d201fb6c7d376a0e4cf027c
- 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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