Section 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.Tex. Occ. Code § 2153.153
Amended by Acts 2003, 78th Leg., ch. 209, Sec. 12, eff. 10/1/2003. Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. 9/1/1999.