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Texas Vernon’s Civil Statutes Chapter 4 – Oil and Gas

§ 5341d Extension of Leases On University Land; War Agency Restrictions
§ 5341e Suspension of Running of Terms of Leases While Owner Is Denied Access by United States
§ 5366a Extension of Oil and Gas Leases On Areas Covered by Coastal Waters or Within Gulf

Terms Used In Texas Vernon's Civil Statutes Chapter 4

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • 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.

Texas Vernon’s Civil Statutes Chapter 4 – Gasoline and Petroleum Products

§ 8601 Sale Under Another Name
§ 8602 Shall Mark Containers
§ 8603 Labeling Receptacles or Reservoirs of Petroleum Products
§ 8604 Must Not Flash
§ 8605 Standard of Gasoline or Motor Fuel
§ 8606 Inferior Motor Fuel
§ 8607 Tests of Petroleum Products
§ 8608 Using Incorrect Measure
§ 8609 Breaking Seal On Incorrect Measure
§ 8610 Hindering Inspector
§ 8611 Punishment

Terms Used In Texas Vernon's Civil Statutes Chapter 4

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Department of Public Safety: means the Department of Public Safety of the State of Texas. See Texas Transportation Code 1.004
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
  • Fiduciary: A trustee, executor, or administrator.
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Quorum: The number of legislators that must be present to do business.
  • 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.
  • Subpoena: A command to a witness to appear and give testimony.
  • Succeeding: means immediately following. See Texas Government Code 312.011
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • User fees: Fees charged to users of goods or services provided by the government. In levying or authorizing these fees, the legislature determines whether the revenue should go into the treasury or should be available to the agency providing the goods or services.