Texas Business & Commerce Code - Section 41.251. Voluntary Termination Of Business Opportunity Registration
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Texas Lawyer > Business & Commerce Code > Texas Business & Commerce Code - Section 41.251. Voluntary Termination Of Business Opportunity Registration
§ 41.251. VOLUNTARY TERMINATION OF BUSINESS OPPORTUNITY
REGISTRATION. The principal seller of a registered business
opportunity may voluntarily terminate the business opportunity's
registration with the secretary of state if:
(1) the registered business opportunity will no longer
be offered in this state;
(2) the registered business opportunity has changed to
the extent that it no longer meets the definition of a business
opportunity under Section 41.004(a);
(3) the registered business opportunity has become
exempt under Section 41.004(b); or
(4) the principal seller offering the registered
business opportunity has ceased to exist as a legal entity.
Added by Acts 1997, 75th Leg., ch. 1008, § 5, eff. Sept. 1, 1997.
Section: 41.160 41.161 41.162 41.163 41.201 41.202 41.203 41.251 41.252 41.301 41.302 41.303 42.001 42.002 42.003
Last modified: August 10, 2007
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