Texas Utilities Code Chapter 12 > Subchapter D – Prohibited Relationships and Activities
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Terms Used In Texas Utilities Code Chapter 12 > Subchapter D - Prohibited Relationships and Activities
- Contract: A legal written agreement that becomes binding when signed.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- 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