Texas Health and Safety Code Chapter 241 > Subchapter K – Limited Services Rural Hospital

Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Contract: A legal written agreement that becomes binding when signed.
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Executor: A male person named in a will to carry out the decedent
Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
Inter vivos: Transfer of property from one living person to another living person.
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
Probate: Proving a will
Property: means real and personal property. See Texas Government Code 311.005
Rule: includes regulation. See Texas Government Code 311.005
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.
United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005

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