DecisionDepot
California legal research

Texas Business & Commerce Code

§ 271.001 — DEFINITION

BC § 271.001Title 9. APPLICABILITY OF LAW TO COMMERCIAL TRANSACTIONS · Ch. 271. RIGHTS OF PARTIES TO CHOOSE LAW APPLICABLE

Statute text

View on source
In this chapter, "qualified transaction" means a transaction under which a party:
(1)pays or receives, or is obligated to pay or is entitled to receive, consideration with an aggregate value of at least $1 million; or
(2)lends, advances, borrows, or receives, or is obligated to lend or advance or is entitled to borrow or receive, money or credit with an aggregate value of at least $1 million.

Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.

Source: Texas Business & Commerce Code § 271.001 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.