Texas Health and Safety Code 12.131 – Definitions
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Terms Used In Texas Health and Safety Code 12.131
- 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.
- Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
In this subchapter:
(1) “Account” has the meaning assigned by § 403.1041, Government Code.
(2) “Advisory committee” means the tobacco settlement permanent trust account administration advisory committee.
(3) “Agreement” has the meaning assigned by § 403.1041, Government Code.
(4) “Political subdivision” has the meaning assigned by § 403.1041, Government Code.