Texas Property Code 30.01 – Definitions
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Terms Used In Texas Property Code 30.01
- 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
In this chapter:
(1) “Aircraft” means a self-propelled motor vehicle that can be used to transport a person by flight in the air.
(2) “Repossession” means the recovery of an aircraft that has been sold under a security agreement containing a repossession clause authorizing the lender to recover the aircraft if the borrower defaults under the agreement.
(3) “Repossession agent” means an individual who is authorized to engage in a repossession for a lender.