Texas Health and Safety Code Chapter 775 > Subchapter J – Surplus and Salvage Property
Current as of: 2024 | Check for updates
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| § 775.251 | Sale and Disposition of Surplus or Salvage Property |
Terms Used In Texas Health and Safety Code Chapter 775 > Subchapter J - Surplus and Salvage Property
- Contract: A legal written agreement that becomes binding when signed.
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- 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
- Personal property: All property that is not real property.
- Property: means real and personal property. See Texas Government Code 311.005