Tex. Lab. Code § 207.051

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 207.051 - Sale of Business
(a) An individual is disqualified for benefits if the individual left the individual's last work because of the sale of:
(1) a corporation and the individual was:
(A) an officer of the corporation;
(B) a majority or controlling shareholder in the corporation; and
(C) involved in the sale of the corporation;
(2) a limited or general partnership and the individual was a limited or general partner who was involved in the sale of the partnership; or
(3) a sole proprietorship and the individual was the proprietor who sold the business.
(b) The disqualification under this section continues until the individual has returned to employment and:
(1) worked for six weeks; or
(2) earned wages equal to six times the individual's benefit amount.

Tex. Lab. Code § 207.051

Amended by Acts 1997, 75th Leg., ch. 93, Sec. 2, eff. 9/1/1997.
Acts 1993, 73rd Leg., ch. 269, Sec. 1, eff. 9/1/1993.