Texas Labor Code - Section 207.051. Sale Of Business
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Texas Laws > Labor Code > Texas Labor Code - Section 207.051. Sale Of Business
§ 207.051. SALE OF BUSINESS. (a) An individual is
disqualified for benefits if the individual left the individual's
last work because of the sale of:
(1) a corporation and the individual was:
(A) an officer of the corporation;
(B) a majority or controlling shareholder in the
corporation; and
(C) involved in the sale of the corporation;
(2) a limited or general partnership and the
individual was a limited or general partner who was involved in the
sale of the partnership; or
(3) a sole proprietorship and the individual was the
proprietor who sold the business.
(b) The disqualification under this section continues until
the individual has returned to employment and:
(1) worked for six weeks; or
(2) earned wages equal to six times the individual's
benefit amount.
Acts 1993, 73rd Leg., ch. 269, § 1, eff. Sept. 1, 1993. Amended
by Acts 1997, 75th Leg., ch. 93, § 2, eff. Sept. 1, 1997.
Section: 207.044 207.045 207.046 207.047 207.048 207.049 207.050 207.051 207.052 207.053 207.071 207.072 207.073 207.074 207.075
Last modified: August 11, 2007
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