17.461 – PYRAMID PROMOTIONAL SCHEME. (a) In this section:
Texas Business and Commerce Code § 17.461
Summary
This law defines pyramid promotional schemes and outlines what constitutes compensation and consideration in such schemes. It primarily affects businesses and individuals involved in promotional activities that may resemble pyramid structures.
Defines compensation and consideration in promotional schemes.
Excludes certain product purchases from being considered compensation.
Targets businesses involved in pyramid promotional activities.
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In simple terms: Learn about Texas's PYRAMID PROMOTIONAL SCHEME. (a) In this section: law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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