Texas Business and Commerce Code 271.001 – Definition
Current as of: 2024 | Check for updates
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In this chapter, “qualified transaction” means a transaction under which a party:
(1) pays or receives, or is obligated to pay or is entitled to receive, consideration with an aggregate value of at least $1 million; or
(2) lends, advances, borrows, or receives, or is obligated to lend or advance or is entitled to borrow or receive, money or credit with an aggregate value of at least $1 million.