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Current as of January 01, 2024 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Texas Business and Commerce Code - BUS & COM § 261.001. Definitions - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-and-commerce-code/bus-com-sect-261-001/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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