(a) A certificate of exemption is not transferable.
(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) file a surety bond, or post other security, as required by Section 702.151; or
(2) file a new application for an exemption under Section 702.201.
Official text of the Texas Occupations Code as published by the Texas Legislative Council.