Texas Occupations Code 2153.153 – License Application Requirements
(a) A license applicant must file with the comptroller a license application that:
(1) contains a complete statement about the ownership of the business that is the subject of the application, including:
(A) the nature of the business entity; and
(B) except as provided by Subsection (b), the name and residence address of each person who has a financial interest in the business, including the nature, type, and extent of the interest;
(2) designates:
(A) an individual, as described by Subsection (c), responsible for maintaining a record of and reporting to the comptroller information as required by Section 2153.202; and
(B) an office located in this state where the applicant proposes to maintain the records required by this chapter, a rule adopted under this chapter, or other law;
(3) is accompanied by:
(A) a written statement executed by the individual designated under Subdivision (2) that the individual accepts the responsibility described by that subdivision; and
(B) a cashier’s check, money order, personal check, or other method of payment authorized by the comptroller, in an amount equal to the annual license fee under Section 2153.154;
(4) includes any other relevant information required by the comptroller; and
(5) states that the information contained in the application is true and correct.
(b) A corporate applicant is not required to include in the ownership statement under Subsection (a)(1) the name and residence address of a shareholder who holds less than 10 percent of the shares in the applicant’s corporation.
Terms Used In Texas Occupations Code 2153.153
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Rule: includes regulation. See Texas Government Code 311.005
- Trustee: A person or institution holding and administering property in trust.
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
(c) The individual designated under Subsection (a)(2) must be:
(1) the owner of the business;
(2) a partner of the business;
(3) an officer of the business;
(4) a trustee of the business;
(5) a receiver of the business; or
(6) an officer or principal member of the business.