81st Texas Legislature, Senate Bill 1701, Chapter 548 Page: 1 of 4
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Chapter 548
S.B. No. 1701
1 AN ACT
2 relating to the franchise arrangements excluded from the Business
3 Opportunity Act.
4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
5 SECTION 1. Subsection (b), Section 51.003, Business &
6 Commerce Code, as effective April 1, 2009, is amended to read as
7 follows:
8 (b) In this chapter, "business opportunity" does not
9 include:
10 (1) the sale or lease of an established and ongoing
11 business or enterprise that has actively conducted business before
12 the sale or lease, whether composed of one or more than one
13 component business or enterprise, if the sale or lease represents
14 an isolated transaction or series of transactions involving a bona
15 fide change of ownership or control of the business or enterprise or
16 liquidation of the business or enterprise;
17 (2) a sale by a retailer of goods or services under a
18 contract or other agreement to sell the inventory of one or more
19 ongoing leased departments to a purchaser who is granted the right
20 to sell the goods or services within or adjoining a retail business
21 establishment as a department or division of the retail business
22 establishment;
23 (3) a transaction that is:
24 (A) regulated by the Texas Department of1
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Texas. Legislature. Senate. 81st Texas Legislature, Senate Bill 1701, Chapter 548, legislative document, June 19, 2009; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth149430/m1/1/: accessed April 25, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.