Texas Business & Commerce Code
§ 1.201 — GENERAL DEFINITIONS
BC § 1.201Title 1. UNIFORM COMMERCIAL CODE · Ch. 1. GENERAL PROVISIONS · Art. B. GENERAL DEFINITIONS AND PRINCIPLES OF INTERPRETATION
Statute text
View on source(a)Unless the context otherwise requires, words or phrases defined in this section, or in the additional definitions contained in other chapters of this title that apply to particular chapters or parts thereof, have the meanings stated.
(b)Subject to definitions contained in other chapters of this title that apply to particular chapters or parts thereof:
(1)"Action," in the sense of a judicial proceeding, includes recoupment, counterclaim, set-off, suit in equity, and any other proceeding in which rights are determined.
(2)"Aggrieved party" means a party entitled to pursue a remedy.
(3)"Agreement," as distinguished from "contract," means the bargain of the parties in fact, as found in their language or inferred from other circumstances, including course of performance, course of dealing, or usage of trade as provided in Section 1.303.
(4)"Bank" means a person engaged in the business of banking and includes a savings bank, savings and loan association, credit union, and trust company.
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Legislative history
Acts 2005, 79th Leg., Ch. 122 (S.B. 1593), Sec. 2, eff. September 1, 2005. Acts 2015, 84th Leg., R.S., Ch. 120 (S.B. 1077), Sec. 1, eff. May 23, 2015. Acts 2021, 87th Leg., R.S., Ch. 43 (S.B. 1523), Sec. 2, eff. June 1, 2022.