Sec. 51.301. PROHIBITED ACTS. 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: Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.
Prohibited Acts
Tex. Business and Commerce Code § 51.301, under Business Opportunities.
Tex. Business and Commerce Code § 51.301