Texas Business & Commerce Code - Section 41.162. Contents: Bankruptcy
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Texas Lawyer > Business & Commerce Code > Texas Business & Commerce Code - Section 41.162. Contents: Bankruptcy
§ 41.162. CONTENTS: BANKRUPTCY. (a) A disclosure
statement must contain a statement disclosing which, if any, of the
persons described by Section 41.153 has, at any time during the
previous seven fiscal years:
(1) filed in bankruptcy;
(2) been adjudged bankrupt;
(3) been reorganized because of insolvency; or
(4) been a principal, director, executive officer, or
partner of any other person that, during or not later than the first
anniversary of the end of the period the person held the position in
relation to the other person, filed in bankruptcy, was adjudged
bankrupt, or was reorganized because of insolvency.
(b) A statement that is required by Subsection (a)(4) must
include:
(1) the name and location of the person that filed in
bankruptcy, was adjudged bankrupt, or was reorganized;
(2) the date of the filing, adjudication, or
reorganization; and
(3) any other material facts relating to the filing,
adjudication, or reorganization.
Added by Acts 1997, 75th Leg., ch. 1008, § 5, eff. Sept. 1, 1997.
Section: 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 41.252 41.301
Last modified: August 10, 2007
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