Texas Special District Local Laws Code 8501.265 – State Franchise Law Not Applicable
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Terms Used In Texas Special District Local Laws Code 8501.265
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Statute: A law passed by a legislature.
A statute of this state relating to the granting of franchises is not applicable to:
(1) the authorization or execution of a mortgage or encumbrance entered into under this chapter; or
(2) the grant of a franchise under this chapter.