Sec. 51.251.  VOLUNTARY TERMINATION OF BUSINESS OPPORTUNITY REGISTRATION.  The principal seller of a registered business opportunity may voluntarily terminate the business opportunity's registration with the secretary of state if:
(1)  the registered business opportunity will no longer be offered in this state;
(2)  the registered business opportunity has changed to the extent that it no longer meets the definition of a business opportunity under Section 51.003(a);
(3)  the registered business opportunity has become exempt under Section 51.003(b); or
(4)  the principal seller offering the registered business opportunity ceases to exist as a legal entity.
Amended by: 
Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.