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Tex. Business & Commerce Code § 51.301

PROHIBITED ACTS

Texas · Texas Business & Commerce Code · Status: effective

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Tex. Business & Commerce Code § 51.301, PROHIBITED ACTS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/630689
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A seller may not: (1) employ a representation, device, scheme, or artifice to deceive a purchaser; (2) make an untrue statement of a material fact or omit to state a material fact in connection with the documents and information required to be provided to the secretary of state or purchaser; (3) represent that the business opportunity provides or will provide income or earning potential unless the seller: (A) has documented data to substantiate the representation of income or earning potential; and (B) discloses the data to the purchaser when the representation is made; or (4) make a claim or representation that is inconsistent with the information required to be disclosed by this chapter in: (A) advertising or other promotional material; or (B) an oral sales presentation, solicitation, or discussion between the seller and the purchaser. Amended by: