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Texas Business & Commerce Code

§ 9.613 — CONTENTS AND FORM OF NOTIFICATION BEFORE DISPOSITION OF COLLATERAL: GENERAL

BC § 9.613Title 1. UNIFORM COMMERCIAL CODE · Ch. 9. SECURED TRANSACTIONS · Art. F. DEFAULT

Statute text

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Except in a consumer-goods transaction, the following rules apply:
(1)The contents of a notification of disposition are sufficient if the notification:
(A)describes the debtor and the secured party;
(B)describes the collateral that is the subject of the intended disposition;
(C)states the method of intended disposition;
(D)states that the debtor is entitled to an accounting of the unpaid indebtedness and states the charge, if any, for an accounting; and

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. 20, eff. June 13, 2001.

Source: Texas Business & Commerce Code § 9.613 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.