Texas Utilities Code 123.022 – Definitions
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Terms Used In Texas Utilities Code 123.022
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- 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
- Trustee: A person or institution holding and administering property in trust.
In this subchapter:
(1) “Agriculture energy user” means a person who purchases or uses natural gas for fuel for an irrigation well.
(2) “Corporation” means a domestic or foreign corporation or association, and each lessee, assignee, trustee, receiver, or other successor in interest of the corporation or association, that has any of the powers or privileges of a corporation not possessed by an individual or partnership.
(3) “Person” includes an individual, a partnership of two or more persons having a joint or common interest, a mutual or cooperative association, and a corporation.
(4) “Supplier” means a person who furnishes natural gas to an agriculture energy user.