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Texas Business & Commerce Code

§ 9.611 — NOTIFICATION BEFORE DISPOSITION OF COLLATERAL

BC § 9.611Title 1. UNIFORM COMMERCIAL CODE · Ch. 9. SECURED TRANSACTIONS · Art. F. DEFAULT

Statute text

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(a)In this section, "notification date" means the earlier of the date on which:
(1)a secured party sends to the debtor and any secondary obligor an authenticated notification of disposition; or
(2)the debtor and any secondary obligor waive the right to notification.
(b)Except as otherwise provided in Subsection (d), a secured party that disposes of collateral under Section 9.610 shall send to the persons specified in Subsection (c) a reasonable authenticated notification of disposition.
(c)To comply with Subsection (b), the secured party shall send an authenticated notification of disposition to:
(1)the debtor;
…

Legislative history

Added by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.

Source: Texas Business & Commerce Code § 9.611 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.