Tex. Labor Code 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.
Acts 1993, 73rd Leg., ch. 269, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1997, 75th Leg., ch. 93, Sec. 2, eff. Sept. 1, 1997.

Source: Section 207.051 — Sale of Business, https://statutes.­capitol.­texas.­gov/Docs/LA/htm/LA.­207.­htm#207.­051 (accessed Mar. 23, 2024).

207.001
Payment of Benefits
207.002
Benefits for Total Unemployment
207.003
Benefits for Partial Unemployment
207.004
Benefit Wage Credits
207.005
Maximum Amount of Benefits
207.006
Adjustment of Benefits
207.007
Fees Limitation
207.008
Suitable Work
207.009
Payment of Benefits by Indian Tribe
207.021
Benefit Eligibility Conditions
207.022
Commission-approved Training
207.024
Claim Filed or Residence in Another State or Country
207.025
Pregnancy or Termination of Pregnancy
207.026
Drug Screening or Testing as Condition of Benefit Eligibility for Certain Applicants and Recipients
207.041
Services in Educational Institutions
207.042
Athletes
207.043
Aliens
207.044
Discharge for Misconduct
207.045
Voluntarily Leaving Work
207.046
Involuntary Separation
207.047
Failure to Apply For, Accept, or Return to Work
207.048
Labor Disputes
207.049
Receipt of Remuneration
207.050
Receipt of Pension or Annuity
207.051
Sale of Business
207.053
Refusal to Treat Communicable Disease
207.071
Waiver, Release, or Commutation Agreement Invalid
207.072
Acceptance or Requirement of Waiver Prohibited
207.073
Prohibited Deduction from Wages
207.074
Criminal Offense
207.075
Assignment of Benefits Prohibited
207.076
Equal Treatment
207.091
Definitions
207.092
Disclosure of Child Support Obligations
207.093
Withholding of Child Support by Commission
207.094
Federal Law Requirement
207.101
Withholding from Benefits for Federal Income Tax
207.111
Definitions
207.112
Application
207.113
Required Disclosure
207.114
Withholding
207.0211
Eligibility of Certain Disabled Persons
207.0212
Eligibility of Certain Persons Unemployed Because of Disaster

Accessed:
Mar. 23, 2024

§ 207.051’s source at texas​.gov