Texas Administrative Code
Title 1 - ADMINISTRATION
Part 4 - OFFICE OF THE SECRETARY OF STATE
Chapter 105 - SOLICITATIONS
Subchapter C - TELEPHONE SOLICITATIONS
Section 105.206 - Release of Security
Universal Citation: 1 TX Admin Code ยง 105.206
Current through Reg. 49, No. 12; March 22, 2024
(a) Upon the cessation of telephone solicitation business activities, a registrant may request in writing the release of the registrant's security.
(b) Except as provided by subsection (c) of this section, the secretary of state shall release a registrant's security no later than the 90th day after the release request is received in the Statutory Documents Section of the Office of the Secretary of State.
(c) A registrant's security may not be released where the secretary of state has received by mail actual notice that an action has been filed to recover against the security, unless:
(1) a court order directs the security to be
released to the registrant by the secretary of state;
(2) documents are filed with the Office of
the Secretary of State indicating that a settlement has been approved by a
court directing that the security be released to the registrant; or
(3) the registrant files in the Office of the
Secretary of State a court order indicating that the action against the
registrant has been dismissed.
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