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Texas Business & Commerce Code

§ 261.003 — APPLICABILITY OF CHAPTER

BC § 261.003Title 8. SECURITY INSTRUMENTS · Ch. 261. UTILITY SECURITY INSTRUMENTS

Statute text

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A utility is subject to the requirements and entitled to the benefits of this chapter:
(1)only if the utility files with the secretary of state a utility security instrument that states conspicuously on its title page: "This Instrument Grants A Security Interest By A Utility"; and
(2)only with respect to collateral covered by a utility security instrument filed by the utility in accordance with Subdivision (1).

Legislative history

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

Source: Texas Business & Commerce Code § 261.003 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.