Sec. 261.001. DEFINITIONS.

194 words·~1 min read·/tx/business-and-commerce-code/title-8-security-instruments/chapter-261-utility-security-instruments/261-001·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(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.

Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278 ), Sec. 2.01, eff. April 1, 2009.