A trust account established in accordance with §51.101(a)(2) of the Business Opportunity Act must be established with an entity that has the power to accept deposits under the law and that is authorized to transact business in Texas.

Source Note: The provisions of this §97.31 adopted to be effective September 7, 1988, 13 TexReg 4233; amended to be effective September 3, 2009, 34 TexReg 5895