Texas § IN.424.101 - DEFINITIONS
Full text of Texas The Texas Constitution § IN.424.101 — DEFINITIONS, with citation guidance and answers to common questions.
§ IN.424.101. DEFINITIONS
DEFINITIONS. In this subchapter: (1) "Business entity" means an association, corporation, joint stock company, joint venture, limited liability company, mutual fund trust, partnership, or other similar form of business organization, regardless of whether organized for profit. (2) "Obligation" means: (A) a bond, note, debenture, trust certificate, including an equipment certificate, or production payment; (B) a negotiable bank certificate of deposit, bankers' acceptance, credit tenant loan, or other loan secured by financing net leases; or (C) any other evidence of indebtedness for the payment of money or participation certificates or other evidences of an interest in an obligation otherwise described by this subdivision, whether constituting a general obligation of the issuer or payable only out of certain revenues or certain funds pledged or otherwise dedicated for payment. (3) "Qualified bank" means a national bank, state bank, or trust company that: (A) is at all times adequately capitalized as determined by the standards adopted by the United States banking regulators; and (B) is either a member of the Federal Reserve System or regulated by state banking laws. (4) "Repurchase transaction," "reverse repurchase transaction," and "securities lending transaction" have the meanings assigned by Section 424.151 . Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.
Frequently Asked Questions About Texas § IN.424.101
What does The Texas Constitution § IN.424.101 cover?
Section IN.424.101 ("DEFINITIONS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.424.101?
A common citation format is "The Texas Constitution § IN.424.101" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.424.101 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.