Texas Estates Code 751.002 – Definitions
Terms Used In Texas Estates Code 751.002
- Person: includes a natural person and a corporation. See Texas Estates Code 22.027
- Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
In this subtitle:
(1) “Actual knowledge” means the knowledge of a person without that person making any due inquiry, and without any imputed knowledge, except as expressly set forth in § 751.211(c).
(2) “Affiliate” means a business entity that directly or indirectly controls, is controlled by, or is under common control with another business entity.
(3) “Agent” includes:
(A) an attorney in fact; and
(B) a co-agent, successor agent, or successor co-agent.
(4) “Durable power of attorney” means a writing or other record that complies with the requirements of § 751.0021(a) or is described by § 751.0021(b).
(5) “Principal” means an adult individual who signs or directs the signing of the individual’s name on a power of attorney that designates an agent to act on the individual’s behalf.
(6) “Record” means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form.