Texas Occupations Code 702.206 – Nontransferability of Exemption
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(a) A certificate of exemption is not transferable.
(b) A person who by purchase or other transfer obtains ownership of a health spa for which a certificate of exemption has been issued shall, not later than the fifth day after the date the person obtains ownership:
(1) file a surety bond, or post other security, as required by Section 702.151; or
(2) file a new application for an exemption under Section 702.201.
Terms Used In Texas Occupations Code 702.206
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005