Texas Business and Commerce Code Chapter 51 > Subchapter C – Bond, Trust Account, or Letter of Credit
Current as of: 2024 | Check for updates
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Other versions
| § 51.101 | Bond, Trust Account, or Letter of Credit Required |
| § 51.102 | Action Against Bond, Trust Account, or Letter of Credit |
Terms Used In Texas Business and Commerce Code Chapter 51 > Subchapter C - Bond, Trust Account, or Letter of Credit
- Bailiff: a court officer who enforces the rules of behavior in courtrooms.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- 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.
- Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
- Trustee: A person or institution holding and administering property in trust.