This section provides definitions for key terms used in the chapter, specifically defining 'Payee' and 'Person'. It clarifies who qualifies as a payee and the entities that fall under the term 'person' in legal agreements.
Defines 'Payee' as individuals or authorized entities receiving payments.
Clarifies 'Person' includes various legal entities.
Essential for understanding subsequent legal provisions in the chapter.
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In simple terms: Learn about Texas's DEFINITIONS. In this chapter: law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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