A registrant who elects pursuant to the Business Opportunity Act, §41.101, to establish a trust account shall establish and maintain a trust account in the amount of no less than $25,000 in the favor of the State of Texas with a processor (as defined by the Banking Code of 1943, Article 342-102) authorized to transact business in the State of Texas.

Source Note:The provisions of this §97.31 adopted to be effective September 7, 1988, 13 TexReg 4233.