1. (a) A certificate of exemption is not transferable.

2. (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. (1) file a surety bond, or post other security, as required by Section 702.151; or
   2. (2) file a new application for an exemption under Section 702.201.

Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999.