Texas Business and Commerce Code 261.001 – Definitions
(a) In this chapter:
(1) “Utility” means a person engaged in this state in:
(A) generating, transmitting, or distributing and selling electric power;
(B) transporting, distributing, and selling, through a local distribution system, natural or other gas for domestic, commercial, industrial, or other use;
(C) owning or operating a pipeline to transmit or sell natural or other gas, natural gas liquids, crude oil, or petroleum products to another pipeline company or to a refinery, local distribution system, municipality, or industrial consumer;
(D) providing telephone or telegraph service to others;
(E) producing, transmitting, or distributing and selling steam or water;
(F) operating a railroad; or
(G) providing sewer service to others.
(2) “Utility security instrument” means:
(A) a mortgage, deed of trust, security agreement, or other instrument executed to secure payment of a bond, note, or other obligation of a utility; or
(B) an instrument that supplements or amends an instrument described by Paragraph (A), including a signed copy of the instrument.
(b) The definitions in Chapters 1 and 9 apply to this chapter.
Terms Used In Texas Business and Commerce Code 261.001
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005