Sec. 702.206.  NONTRANSFERABILITY OF EXEMPTION.  (a)  A certificate of exemption is not transferable.
(b)  A person who by purchase or other transfer obtains ownership of a health spa for which a certificate of exemption has been issued shall, not later than the fifth day after the date the person obtains ownership:
(1)  file a surety bond, or post other security, as required by Section 702.151;  or
(2)  file a new application for an exemption under Section 702.201.
Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999.