Texas Utilities Code Chapter 16 – Commission Financing
Current as of: 2023 | Check for updates
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Other versions
| Sections | ||
|---|---|---|
| Subchapter A | Assessment On Public Utilities | 16.001 – 16.004 |
| Subchapter B | Grants and Other Financial Assistance | 16.021 |
| Subchapter C | Money Disposition, Accounting, and Budget | 16.041 – 16.044 |
Terms Used In Texas Utilities Code Chapter 16 - Commission Financing
- 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.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- 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.