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Tex. Business & Commerce Code § 271.001

DEFINITION

Texas · Texas Business & Commerce Code · Status: effective

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Tex. Business & Commerce Code § 271.001, DEFINITION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/631174
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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.