Texas Business & Commerce Code

§ 271.004 — DETERMINATION OF REASONABLE RELATION OF TRANSACTION TO PARTICULAR JURISDICTION

BC § 271.004Title 9. APPLICABILITY OF LAW TO COMMERCIAL TRANSACTIONS · Ch. 271. RIGHTS OF PARTIES TO CHOOSE LAW APPLICABLE

Statute text

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(a)For purposes of this chapter, a transaction bears a reasonable relation to a particular jurisdiction if the transaction, the subject matter of the transaction, or a party to the transaction is reasonably related to that jurisdiction.

(b)A transaction bearing a reasonable relation to a particular jurisdiction includes:

(1)a transaction in which:

(A)a party to the transaction is a resident of that jurisdiction;

(B)a party to the transaction has the party's place of business or, if that party has more than one place of business, the party's chief executive office or an office from which the party conducts a substantial part of the negotiations relating to the transaction, in that jurisdiction;

(C)all or part of the subject matter of the transaction is located in that jurisdiction;

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Legislative history

Acts 2011, 82nd Leg., R.S., Ch. 132 (H.B. 2991), Sec. 1, eff. September 1, 2011.