Texas Business and Commerce Code 51.151 – Disclosure to Purchaser of Business Opportunity
Current as of: 2024 | Check for updates
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(a) Except as provided by Section 51.164, a seller must provide a purchaser with a written disclosure statement that meets the requirements of this subchapter.
(b) The seller must provide the disclosure statement at least 10 business days before the earlier of the date:
(1) the purchaser signs a business opportunity contract; or
(2) the seller receives any consideration.
Terms Used In Texas Business and Commerce Code 51.151
- Contract: A legal written agreement that becomes binding when signed.
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005