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Tex. Business & Commerce Code § 51.158

CONTENTS: SECURITY DESCRIPTION

Texas · Texas Business & Commerce Code · Status: effective

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Tex. Business & Commerce Code § 51.158, CONTENTS: SECURITY DESCRIPTION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/630674
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If the seller is required to obtain a bond or establish a trust account, the disclosure statement must contain one of the following statements, as applicable: (1) "As required by Texas law, the seller has secured a bond issued by ______, a surety company authorized to do business in this state. Before signing a contract to purchase this business opportunity, you should confirm the bond's status with the surety company."; or (2) "As required by Texas law, the seller has established a trust account with ______. Before signing a contract to purchase this business opportunity, you should confirm with the bank or savings institution the current status of the trust account." Amended by: