Texas Business & Commerce Code - Section 41.160. Contents: Sales Or Earnings Representation
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Texas Laws > Business & Commerce Code > Texas Business & Commerce Code - Section 41.160. Contents: Sales Or Earnings Representation
§ 41.160. CONTENTS: SALES OR EARNINGS
REPRESENTATION. If the seller makes a statement concerning sales
or earnings that may be made through the business opportunity, the
disclosure statement must contain a statement disclosing:
(1) the total number of purchasers of business
opportunities involving the product, equipment, supplies, or
services being offered who to the seller's knowledge have actually
achieved sales of or received earnings in the amount or range
specified not earlier than the third year before the date of the
disclosure statement; and
(2) the total number of purchasers who purchased
business opportunities involving the product, equipment, supplies,
or services being offered not earlier than the third year before the
date of the disclosure statement.
Added by Acts 1997, 75th Leg., ch. 1008, § 5, eff. Sept. 1, 1997.
Section: 41.153 41.154 41.155 41.156 41.157 41.158 41.159 41.160 41.161 41.162 41.163 41.201 41.202 41.203 41.251
Last modified: August 11, 2007
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