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Texas Business and Commerce Code - BUS & COM § 71.152. Material Change in Information;  New Certificate

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

(a) Not later than the 60th day after an event occurs that causes the information in a certificate to become materially misleading, a registrant must file a new certificate complying with this chapter in the office in which the original or renewal certificate was filed.

(b) An event that causes the information in a certificate to become materially misleading includes:

(1) a change in the name, identity, entity, form of business or professional organization, or location of a registrant;

(2) for a proprietorship or sole practitioner, a change in ownership;  or

(3) for a partnership:

(A) the admission of a new partner or joint venturer;  or

(B) the end of a general partner's or joint venturer's association with the partnership.

(c) A new certificate filed under this section is effective for a term not to exceed 10 years from the date the certificate is filed.

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Cite this article: FindLaw.com - Texas Business and Commerce Code - BUS & COM § 71.152. Material Change in Information;  New Certificate - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-and-commerce-code/bus-com-sect-71-152/

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