{"data":{"id":"us-tx/tex.-business-commerce-code-51.158","jurisdiction":"us-tx","citation":"Tex. Business \u0026 Commerce Code § 51.158","heading":"CONTENTS: SECURITY DESCRIPTION.","body":"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:\n(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\n(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.\"\nAmended by:\nActs 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.","path":["BUSINESS AND COMMERCE CODE","TITLE 4. BUSINESS OPPORTUNITIES AND AGREEMENTS","CHAPTER 51. BUSINESS OPPORTUNITIES","SUBCHAPTER D. DISCLOSURE STATEMENT"],"source_url":"https://statutes.capitol.texas.gov/Docs/BC/htm/BC.51.htm#51.158","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:56Z","sha256":"694dc8411bd4df26069d54ecbfbcaab5220d4acd5b34f3d23eef29c3ace48817","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-commerce-code-51.157","next":"us-tx/tex.-business-commerce-code-51.159"},"notice":"GroundRules: Original legal text. Not legal advice."}