Section 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.Tex. Bus. and Comm. Code § 51.301
Amended By Acts 2007, 80th Leg., R.S., Ch. 885, Sec. 2.01, eff. 4/1/2009.