Tex. Business & Commerce Code § 261.001
This is the official text of Tex. Business & Commerce Code § 261.001, part of Texas’s Business & Commerce Code — governs commercial transactions and general business practices.
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§ 261.001. DEFINITIONS.
Official statutory text
(a) In this chapter:
(1) "Utility" means a person engaged in this state in:
(A) generating, transmitting, or distributing and selling electric power;
(B) transporting, distributing, and selling, through a local distribution system, natural or other gas for domestic, commercial, industrial, or other use;
(C) owning or operating a pipeline to transmit or sell natural or other gas, natural gas liquids, crude oil, or petroleum products to another pipeline company or to a refinery, local distribution system, municipality, or industrial consumer;
(D) providing telephone or telegraph service to others;
(E) producing, transmitting, or distributing and selling steam or water;
(F) operating a railroad; or
(G) providing sewer service to others.
(2) "Utility security instrument" means:
(A) a mortgage, deed of trust, security agreement, or other instrument executed to secure payment of a bond, note, or other obligation of a utility; or
(B) an instrument that supplements or amends an instrument described by Paragraph (A), including a signed copy of the instrument.
(b) The definitions in Chapters 1 and 9 apply to this chapter.
(1) "Utility" means a person engaged in this state in:
(A) generating, transmitting, or distributing and selling electric power;
(B) transporting, distributing, and selling, through a local distribution system, natural or other gas for domestic, commercial, industrial, or other use;
(C) owning or operating a pipeline to transmit or sell natural or other gas, natural gas liquids, crude oil, or petroleum products to another pipeline company or to a refinery, local distribution system, municipality, or industrial consumer;
(D) providing telephone or telegraph service to others;
(E) producing, transmitting, or distributing and selling steam or water;
(F) operating a railroad; or
(G) providing sewer service to others.
(2) "Utility security instrument" means:
(A) a mortgage, deed of trust, security agreement, or other instrument executed to secure payment of a bond, note, or other obligation of a utility; or
(B) an instrument that supplements or amends an instrument described by Paragraph (A), including a signed copy of the instrument.
(b) The definitions in Chapters 1 and 9 apply to this chapter.
Status: in_force · Read it on the official government site
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