Terms Used In Texas Business Organizations Code Chapter 9 > Subchapter F - Determination of Transacting Business in This State

• Business: means a trade, occupation, profession, or other commercial activity. See Texas Business Organizations Code 1.002
• Decedent: A deceased person.
• Domestic: means , with respect to an entity, that the entity is formed under this code or the entity's internal affairs are governed by this code. See Texas Business Organizations Code 1.002
• Entity: means a domestic entity or foreign entity. See Texas Business Organizations Code 1.002
• Executor: A male person named in a will to carry out the decedent
• Foreign: means , with respect to an entity, that the entity is formed under, and the entity's internal affairs are governed by, the laws of a jurisdiction other than this state. See Texas Business Organizations Code 1.002
• Foreign entity: means an organization formed under, and the internal affairs of which are governed by, the laws of a jurisdiction other than this state. See Texas Business Organizations Code 1.002
• Governing person: means a person serving as part of the governing authority of an entity. See Texas Business Organizations Code 1.002
• 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.
• Mortgagee: The person to whom property is mortgaged and who has loaned the money.
• Personal property: All property that is not real property.
• Property: includes tangible and intangible property and an interest in that property. See Texas Business Organizations Code 1.002
• Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
• Trustee: A person or institution holding and administering property in trust.
• Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005