Tex. Bus. & Com. Code § 38.152
§ 38.152. Disclosure of Certain Convictions, Judgments, Orders, and Bankruptcies
(a)
With respect to the seller and each person identified under Section 38.151(11) or (13), a registration
statement must state the identity of each person:
(1)
who has been convicted of or pleaded nolo contendere to:
(A)
a felony or misdemeanor involving an alleged violation of this
chapter; or
(B)
fraud, theft, embezzlement, fraudulent conversion, or
misappropriation of property;
(2)
against whom a final judgment or order has been entered in a civil
or administrative action, including a stipulated judgment or order, in
which the complaint or petition alleged:
(A)
acts constituting a violation of this chapter, fraud, theft,
embezzlement, fraudulent conversion, or misappropriation of property;
(B)
the use of untrue or misleading representations in an attempt to
sell or dispose of property; or
(C)
the use of unfair, unlawful, or deceptive business practices;
(3)
who is subject to an injunction or restrictive court order relating
to business activity as the result of an action brought by a federal,
state, or local public agency, including an action affecting a
vocational license; or
(4)
who has, during the previous seven tax years:
(B)
been adjudged a bankrupt;
(C)
been reorganized due to insolvency; or
(D)
been a principal, director, officer, trustee, general or limited
partner of, or had management responsibilities for, a corporation,
partnership, joint venture, or other business entity that has filed
in bankruptcy, been adjudged a bankrupt, or been reorganized due to
insolvency while the person held that position or within one year
after the date on which the person last held that position.
(b)
Under Subsections (a)(1), (2), and (3), the statement must identify the:
(1)
court or administrative agency rendering the conviction, judgment,
or order;
(2)
docket number of the matter;
(3)
date of conviction, judgment, or order; and
(4)
name of the governmental agency, if any, that brought the action
resulting in the conviction, judgment, or order.
(c)
Under Subsection (a)(4), the statement must include the:
(1)
name and location of the person filing in bankruptcy, adjudged a
bankrupt, or reorganized due to insolvency;
(2)
date of the filing, judgment, or reorganization order;
(3)
court having jurisdiction; and
(4)
docket number of the matter.
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