Texas Business & Commerce Code - Section 38.001. Definitions
Legal Research Home >
Texas Lawyer > Business & Commerce Code > Texas Business & Commerce Code - Section 38.001. Definitions
§ 38.001. DEFINITIONS. In this chapter:
(1) "Item" means property or service and includes a
coupon book that is to be used with a business or company.
(2) "Owner" means a person who has control of or is
entitled to, by ownership or other claim, at least 10 percent of the
net income of a seller.
(3) "Purchaser" means a person who is:
(A) solicited to become or becomes obligated for
the purchase or rental of an item; or
(B) offered the opportunity to claim or receive
an item.
(4) "Salesperson" means a person employed or
authorized by a seller to make a telephone solicitation.
(5) "Seller" means a person who makes a telephone
solicitation on the person's own behalf.
(6) "Supervised financial institution" means a bank,
trust company, savings and loan association, credit union,
industrial loan company, personal property broker, consumer
finance lender, commercial finance lender, insurer, or other
financial institution that is subject to supervision by an official
or agency of this state or the United States.
(7) "Telephone solicitation" means a telephone call
initiated by a seller or salesperson to or from a person for the
purpose of inducing the person to purchase, rent, claim, or receive
an item. The term includes a call made by a purchaser in response to
a solicitation sent by mail or made by any other means.
Added by Acts 1997, 75th Leg., ch. 1008, § 2, eff. Sept. 1, 1997.
Section: 36.26 36.27 37.01 37.02 37.03 37.04 37.05 38.001 38.002 38.003 38.051 38.052 38.053 38.054 38.055
Last modified: August 10, 2007
|
