Texas § HS.361.651 - DEFINITIONS

§ HS.361.651. DEFINITIONS

DEFINITIONS. In this subchapter: (1) "Fiduciary": (A) means a person acting for the benefit of another party as a bona fide: (i) trustee; (ii) executor; (iii) administrator; (iv) custodian; (v) guardian of an estate or guardian ad litem; (vi) receiver; (vii) conservator; (viii) committee of the estate of an incapacitated person; (ix) personal representative; (x) trustee, including a successor to a trustee, under an indenture agreement, trust agreement, lease, or similar financing agreement, for debt securities, certificates of interest or certificates of participation in debt securities, or other forms of indebtedness as to which the trustee is not, in the capacity of trustee, the lender; or (xi) representative in any other capacity that the commission, after providing public notice, determines to be similar to the capacities described in Subparagraphs (i)-(x); and (B) does not include: (i) a person that is acting as a fiduciary with respect to a trust or other fiduciary estate that was organized for the primary purpose of, or is engaged in, actively carrying on a trade or business for profit, unless the trust or other fiduciary estate was created as part of, or to facilitate, one or more estate plans or because of the incapacity of a natural person; or (ii) a person that acquires ownership or control of a solid waste facility with the objective purpose of avoiding liability of the person or of any other person. (2) "Fiduciary capacity" means the capacity of a person in holding title to a solid waste facility or otherwise having control of or an interest in the solid waste facility pursuant to the exercise of the responsibilities of the person as a fiduciary. (3) "Solid waste facility": (A) means: (i) all contiguous land, including structures, appurtenances, and other improvements on the land, used for processing, storing, or disposing of solid waste, including a publicly or privately owned solid waste facility consisting of several processing, storage, or disposal operational units such as one or more landfills, surface impoundments, or a combination of units; and (ii) any building, structure, installation, equipment, pipe, or pipeline, including any pipe into a sewer or publicly owned treatment works, well, pit, pond, lagoon, impoundment, ditch, landfill, storage container, motor vehicle, rolling stock, or aircraft, or any site or area where a hazardous substance has been deposited, stored, disposed of, placed, or otherwise come to be located; and (B) does not include a: (i) consumer product in consumer use; or (ii) vessel. Added by Acts 1997, 75th Leg., ch. 793, Sec. 15, eff. Sept. 1, 1997.