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Texas Business and Commerce Code - BUS & COM § 51.153. Contents: Names and Addresses

Current as of January 01, 2024 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Texas Business and Commerce Code - BUS & COM § 51.153. Contents: Names and Addresses - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-and-commerce-code/bus-com-sect-51-153/

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