Sec. 51.153. CONTENTS: NAMES AND ADDRESSES. A disclosure statement must contain:
(1) the name of the seller;
(2) each name under which the seller has transacted, is transacting, or intends to transact business;
(3) the name of any parent or affiliated company that will engage in a business transaction with the purchaser or that takes responsibility for statements made by the seller; and
(4) the names, addresses, and titles of:
(A) the seller's officers, directors, trustees, general partners, general managers, and principal executives;
(B) shareholders owning more than 20 percent of the shares of the seller; and
(C) any other persons responsible for the seller's business activities relating to the sale of business opportunities.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.
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