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Texas Business & Commerce Code - Section 38.151. Disclosure Of Certain Names, Addresses, And Organizational Information

Legal Research Home > Texas Laws > Business & Commerce Code > Texas Business & Commerce Code - Section 38.151. Disclosure Of Certain Names, Addresses, And Organizational Information

§ 38.151. DISCLOSURE OF CERTAIN NAMES, ADDRESSES, AND 
ORGANIZATIONAL INFORMATION.  A registration statement must 
contain:
		(1)  the seller's name and the name under which the 
seller is doing or intends to do business, if different from the 
seller's name;
		(2)  the name of each parent and affiliated 
organization of the seller that:
			(A)  will engage in business transactions with 
purchasers relating to sales solicited by the seller;  or
			(B)  accepts responsibility for statements made 
by, or acts of, the seller relating to sales solicited by the 
seller;
		(3)  the seller's business form and place of 
organization;                  
		(4)  if the seller is a corporation, a copy of its 
articles of incorporation and bylaws;
		(5)  if the seller is a partnership, a copy of the 
partnership agreement;   
		(6)  if the seller is operating under an assumed 
business name, the location where the assumed name has been 
registered;
		(7)  for any parent or affiliated organization 
disclosed under Subdivision (2), the applicable information that is 
required of a seller under Subdivisions (3)-(6);
		(8)  the complete street address of each location of 
the seller, designating the principal location from which the 
seller will be conducting business;
		(9)  if the principal business location of the seller 
is not in this state, a designation of its main location in the 
state;
		(10)  a listing of each telephone number to be used by 
the seller and the address where each telephone using the number is 
located;
		(11)  the name and title of each of the seller's 
officers, directors, trustees, general and limited partners, sole 
proprietor, and owners, as applicable, and the name of each of those 
persons who has management responsibilities in connection with the 
seller's business activities;
		(12)  the complete address of the principal residence, 
the date of birth, and the number and state of issuance of the 
driver's license of each person whose name is disclosed under 
Subdivision (11);
		(13)  the name and principal residence address of each 
person the seller leaves in charge at each location from which the 
seller does business in this state and the business location at 
which each of these persons is or will be in charge;
		(14)  the name and principal residence address of each 
salesperson who solicits on behalf of the seller or a copy of the 
"Employer's Quarterly Report" for employee wages the seller files 
with the Texas Workforce Commission and the name the salesperson 
uses while soliciting;
		(15)  the name and address of the seller's agent in this 
state, other than the secretary of state, authorized to receive 
service of process;  and
		(16)  the name and address of each financial 
institution with which banking or similar monetary transactions are 
made by the seller and the identification number of each of the 
seller's accounts in each institution.

Added by Acts 1997, 75th Leg., ch. 1008, § 2, eff. Sept. 1, 1997.          

Last modified: August 11, 2007