{"data":{"id":"us-tx/tex.-business-commerce-code-51.251","jurisdiction":"us-tx","citation":"Tex. Business \u0026 Commerce Code § 51.251","heading":"VOLUNTARY TERMINATION OF BUSINESS OPPORTUNITY REGISTRATION.","body":"The principal seller of a registered business opportunity may voluntarily terminate the business opportunity's registration with the secretary of state if:\n(1) the registered business opportunity will no longer be offered in this state;\n(2) the registered business opportunity has changed to the extent that it no longer meets the definition of a business opportunity under Section 51.003(a);\n(3) the registered business opportunity has become exempt under Section 51.003(b); or\n(4) the principal seller offering the registered business opportunity ceases to exist as a legal entity.\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 F. TERMINATION OF BUSINESS OPPORTUNITY REGISTRATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/BC/htm/BC.51.htm#51.251","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:56Z","sha256":"6dc62ed4af870edbd5cb1064466b8290d0339b516065275e8d96a578722592d0","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-commerce-code-51.203","next":"us-tx/tex.-business-commerce-code-51.252"},"notice":"GroundRules: Original legal text. Not legal advice."}