Terms Used In Texas Business Organizations Code Chapter 251 > Subchapter I - Winding Up and Termination

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Association: means an entity governed as an association under Title 6 or 7. See Texas Business Organizations Code 1.002
• Certificate of formation: means :
  (A) the document required to be filed with the filing officer under Chapter 3 to form a filing entity; and
  (B) if appropriate, a restated certificate of formation and all amendments of an original or restated certificate of formation. See Texas Business Organizations Code 1.002
• Conviction: A judgement of guilt against a criminal defendant.
• cooperative association: means an association governed as a cooperative association under Chapter 251. See Texas Business Organizations Code 1.002
• Dismissal: The dropping of a case by the judge without further consideration or hearing. ^Source:
• Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
• Justice: when applied to a magistrate, means justice of the peace. See Texas Government Code 312.011
• Officer: means an individual elected, appointed, or designated as an officer of an entity by the entity's governing authority or under the entity's governing documents. See Texas Business Organizations Code 1.002
• Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.