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2022 Texas Statutes
Business and Commerce Code
Title 4 - Business Opportunities and Agreements
Chapter 54 - Compensation Agreements for Sales Representatives
Section 54.003. Payment on Termination of Certain Compensation Agreements
Universal Citation:
TX Bus & Com Code § 54.003 (2022)
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Sec. 54.003. PAYMENT ON TERMINATION OF CERTAIN COMPENSATION AGREEMENTS. If a compensation agreement between a sales representative and a principal that does not comply with Section 54.002 is terminated, the principal shall pay all commissions due the sales representative not later than the 30th working day after the date of the termination.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.
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