Tex. Occ. Code § 2051.005 · Subchapter A. GENERAL PROVISIONS
CERTAIN PROFESSIONAL SERVICES EXEMPT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
This chapter does not apply to a person who directly or indirectly recruits or solicits an athlete to enter into a contract with the person in which, for compensation, the person performs financial services for the athlete if:
(1) the person is licensed or registered by the state as:
(A) a dealer, agent, investment adviser, or investment adviser representative;
(B) a real estate broker or salesperson;
(C) an insurance agent; or
(D) another professional;
(2) the financial services performed by the person are of a type that are customarily performed by a person licensed in that profession; and
(3) the person does not:
(A) recruit or solicit the athlete to enter into an agent contract or a professional services contract on behalf of the person, an affiliate, a related entity, or a third party; or
(B) procure, offer, promise, or attempt to obtain for the athlete employment with a professional sports team.
Notes and commentary — not statutory text
History
Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 1091, Sec. 4.04, 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/OC/htm/OC.2051.htm
- Text hash
- sha256 b4749a5bfbdef1e5a4581e02792391c6378c47ff05a1e138451c56d809435269
- 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
Provisions in this library whose text cites Tex. Occ. Code § 2051.005. 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.