Sec. 271.001. DEFINITION. 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.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.
Structure Texas Statutes
Title 9 - Applicability of Law to Commercial Transactions
Chapter 271 - Rights of Parties to Choose Law Applicable to Certain Transactions
Section 271.002. Substantially Similar or Related Transactions
Section 271.003. Conflict-of-Laws Rules
Section 271.004. Determination of Reasonable Relation of Transaction to Particular Jurisdiction
Section 271.005. Law Governing Issue Relating to Qualified Transaction
Section 271.008. Applicability to Certain Real Property Transactions; Exceptions
Section 271.009. Exception: Marriage or Adoption
Section 271.010. Exception: Decedent's Estate
Section 271.011. Exception: Other Statute Specifying Governing Law