Texas Property Code

§ 30.01 — DEFINITIONS

PR § 30.01Title 4. ACTIONS AND REMEDIES · Ch. 30. WRIT OF ASSISTANCE FOR REPOSSESSION OF AIRCRAFT

Statute text

In this chapter:

(1)"Aircraft" means a self-propelled motor vehicle that can be used to transport a person by flight in the air.

(2)"Repossession" means the recovery of an aircraft that has been sold under a security agreement containing a repossession clause authorizing the lender to recover the aircraft if the borrower defaults under the agreement.

(3)"Repossession agent" means an individual who is authorized to engage in a repossession for a lender.

Legislative history

Added by Acts 2015, 84th Leg., R.S., Ch. 1125 (H.B. 3901), Sec. 1, eff. September 1, 2015.