Texas § 271.001 DEFINITION.

Texas Statutes

§ 271.001 — DEFINITION.

Texas·Code BC Business & Commerce Code

Sec. 271.001. DEFINITION. In this chapter, "qualified transaction" means a transaction under which a party:

(1)pays or receives, or is obligated to pay or is entitled to receive, consideration with an aggregate value of at least $1 million; or

(2)lends, advances, borrows, or receives, or is obligated to lend or advance or is entitled to borrow or receive, money or credit with an aggregate value of at least $1 million.

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Sec. 271.001. DEFINITION. In this chapter, "qualified transaction" means a transaction under which a party:
(1) pays or receives, or is obligated to pay or is entitled to receive, consideration with an aggregate value of at least $1 million; or
(2) lends, advances, borrows, or receives, or is obligated to lend or advance or is entitled to borrow or receive, money or credit with an aggregate value of at least $1 million.

Texas § 271.001 (DEFINITION.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.