Section 51.251 - Voluntary Termination of Business Opportunity Registration The principal seller of a registered business opportunity may voluntarily terminate the business opportunity's registration with the secretary of state if:
(1) the registered business opportunity will no longer be offered in this state;(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);(3) the registered business opportunity has become exempt under Section 51.003(b); or(4) the principal seller offering the registered business opportunity ceases to exist as a legal entity.Tex. Bus. and Comm. Code § 51.251
Amended By Acts 2007, 80th Leg., R.S., Ch. 885, Sec. 2.01, eff. 4/1/2009.