SUBCHAPTER D.  DISCLOSURE STATEMENT

Sec. 51.151.  DISCLOSURE TO PURCHASER OF BUSINESS OPPORTUNITY.  (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.
Amended by: 
Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.