CONTENTS: UPDATED FINANCIAL STATEMENT
Known as the Business Opportunity Act
The act spans §§ 51–51 (37 sections).
Amended by: Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff
A disclosure statement must contain a copy of a financial statement of the seller that:
(1) was prepared according to generally accepted accounting principles within the previous 13 months; and
(2) has been updated to reflect any material change in the seller's financial condition.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.