Definiciones importantes en el Código de Comercio de Texas

Sec. 24.002. DEFINITIONS. In this chapter: (1) "Affiliate" means: (A) a person who directly or indirectly owns, controls, or holds with power to vote, 20 percent or more of the outstanding voting securities of the debtor, other than a person who holds the securities: (i) as a fiduciary or agent without sole discretionary power to vote the securities; or (ii) solely to secure a debt, if the person has not exercised the power to vote; (B) a corporation 20 percent or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote, by the debtor or a person who directly or indirectly owns, controls, or holds, with power to vote, 20 percent or more of the outstanding voting securities of the debtor, other than a person who holds the securities: (i) as a fiduciary or agent without sole power to vote the securities; or (ii) solely to secure a debt, if the person has not Statute text rendered on: 7/1/2024 - 614 - BUSINESS AND COMMERCE CODE in fact exercised the power to vote; (C) a person whose business is operated by the debtor under a lease or other agreement, or a person substantially all of whose assets are controlled by the debtor; or (D) a person who operates the debtor's business under a lease or other agreement or controls substantially all of the debtor's assets. (2) "Asset" means property of a debtor, but the term does not include: (A) property to the extent it is encumbered by a valid lien; (B) property to the extent it