Texas Statutes (Last Updated: January 4, 2014) |
BUSINESS AND COMMERCE CODE |
Title 2. COMPETITION AND TRADE PRACTICES |
Chapter 17. DECEPTIVE TRADE PRACTICES |
Subchapter F. GOING OUT OF BUSINESS SALES |
Sec. 17.82. PROHIBITED CONDUCT
Latest version.
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(a) A person may not conduct a sale advertised with the phrase "going out of business," "closing out," "shutting doors forever," or "bankruptcy sale"; the word "foreclosure" or "bankruptcy"; or a similar phrase or word indicating that an enterprise is ceasing business unless the business is closing all of its operations in a county and in all of the counties immediately adjacent to that county and follows the procedures required by this subchapter.
(b) A person may not fraudulently represent that the person is conducting a going out of business sale.
Added by Acts 1985, 69th Leg., ch. 172, Sec. 1, eff. Sept. 1, 1985.