§ 2153.153 — LICENSE APPLICATION REQUIREMENTS.

Texas § 2153.153

• Jurisdiction: Texas
• Code OC: Occupations Code

Text

Sec. 2153.153. LICENSE APPLICATION REQUIREMENTS. (a) A license applicant must file with the comptroller a license application that:
(1) contains a complete statement about the ownership of the business that is the subject of the application, including:
(A) the nature of the business entity; and
(B) except as provided by Subsection (b), the name and residence address of each person who has a financial interest in the business, including the nature, type, and extent of the interest;
(2) designates:
(A) an individual, as described by Subsection (c), responsible for maintaining a record of and reporting to the comptroller information as required by Section 2153.202 ; and
(B) an office located in this state where the applicant proposes to maintain the records required by this chapter, a rule adopted under this chapter, or other law;
(3) is accompanied by:
(A) a written statement executed by the individual designated under Subdivision (2) that the individual accepts the responsibility described by that subdivision; and
(B) a cashier's check, money order, personal check, or other method of payment authorized by the comptroller, in an amount equal to the annual license fee under Section 2153.154 ;
(4) includes any other relevant information required by the comptroller; and
(5) states that the information contained in the application is true and correct.
(b) A corporate applicant is not required to include in the ownership statement under Subsection (a)(1) the name and residence address of a shareholder who holds less than 10 percent of the shares in the applicant's corporation.
(c) The individual designated under Subsection (a)(2) must be:
(1) the owner of the business;
(2) a partner of the business;
(3) an officer of the business;
(4) a trustee of the business;
(5) a receiver of the business; or
(6) an officer or principal member of the business.

Legislative History

Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999. Amended by Acts 2003, 78th Leg., ch. 209, Sec. 12, eff. Oct. 1, 2003.