Tex. Bus. & Com. Code Section 116.0001
Definitions

In this chapter:

(1)

“Payee” means an individual who resides in this state or a corporation, trust, partnership, association, or other private legal entity authorized to do business in this state that receives money as payment under an agreement.

(2)

“Person” means an individual, corporation, trust, partnership, association, or other private legal entity.
Added by Acts 2021, 87th Leg., R.S., Ch. 230 (H.B. 876), Sec. 1, eff. September 1, 2021.

Source: Section 116.0001 — Definitions, https://statutes.­capitol.­texas.­gov/Docs/BC/htm/BC.­116.­htm#116.­0001 (accessed May 26, 2025).

Green check means up to date. Up to date

Verified:
May 26, 2025

§ 116.0001. Definitions's source at texas​.gov