Texas Business & Commerce Code
§ 9.509 — PERSONS ENTITLED TO FILE A RECORD
BC § 9.509Title 1. UNIFORM COMMERCIAL CODE · Ch. 9. SECURED TRANSACTIONS · Art. E. FILING
Statute text
View on source(a)A person may file an initial financing statement, amendment that adds collateral covered by a financing statement, or amendment that adds a debtor to a financing statement only if:
(1)the debtor authorizes the filing in an authenticated record or pursuant to Subsection (b) or (c); or
(2)the person holds an agricultural lien that has become effective at the time of filing and the financing statement covers only collateral in which the person holds an agricultural lien.
(b)By authenticating or becoming bound as debtor by a security agreement, a debtor or new debtor authorizes the filing of an initial financing statement, and an amendment, covering:
(1)the collateral described in the security agreement; and
(2)property that becomes collateral under Section 9.315(a)(2), whether or not the security agreement expressly covers proceeds.
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Legislative history
Added by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001. Amended by Acts 2001, 77th Leg., ch. 705, Sec. 16, eff. June 13, 2001.