Texas Business and Commerce Code 603.002 – Applicability of Chapter
Current as of: 2024 | Check for updates
|
Other versions
(a) Except as provided by Subsection (b), this chapter applies only to a person who solicits business in this state by mailing an individual a check or other draft payable to that individual.
(b) This chapter does not apply to a financial institution as defined by § 201.101, Finance Code, or an authorized lender as defined by Section 341.001 of that code, that sends a check or other draft to an existing or prospective account holder authorizing that person to access an extension of credit.
Terms Used In Texas Business and Commerce Code 603.002
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005