Texas Finance Code 156.403 – Burden of Proof to Establish an Exemption
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Terms Used In Texas Finance Code 156.403
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
The burden of proving an exemption in a proceeding or action brought under this chapter is on the person claiming the benefit of the exemption.