Texas Transportation Code Chapter 202 > Subchapter F – Advance Acquisition of Property
Current as of: 2024 | Check for updates
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Other versions
| § 202.111 | Definition |
| § 202.112 | Advance Acquisitions |
| § 202.113 | Disposal of Surplus Property |
| § 202.114 | Management |
Terms Used In Texas Transportation Code Chapter 202 > Subchapter F - Advance Acquisition of Property
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Grantor: The person who establishes a trust and places property into it.
- 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
- Property: means real and personal property. See Texas Government Code 311.005
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.