§ 24.001 Short Title
§ 24.002 Definitions
§ 24.003 Insolvency
§ 24.004 Value
§ 24.005 Transfers Fraudulent as to Present and Future Creditors
§ 24.006 Transfers Fraudulent as to Present Creditors
§ 24.007 When Transfer Is Made or Obligation Is Incurred
§ 24.008 Remedies of Creditors
§ 24.009 Defenses, Liability, and Protection of Transferee
§ 24.010 Extinguishment of Cause of Action
§ 24.011 Supplementary Provisions
§ 24.012 Uniformity of Application and Construction
§ 24.013 Costs

Terms Used In Texas Business and Commerce Code Chapter 24

  • Appraisal: A determination of property value.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Donor: The person who makes a gift.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Fiduciary: A trustee, executor, or administrator.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Fraud: Intentional deception resulting in injury to another.
  • Grantor: The person who establishes a trust and places property into it.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Year: means 12 consecutive months. See Texas Government Code 311.005