Texas Business & Commerce Code
§ 9.805 — EFFECTIVENESS OF ACTION TAKEN BEFORE EFFECTIVE DATE
BC § 9.805Title 1. UNIFORM COMMERCIAL CODE · Ch. 9. SECURED TRANSACTIONS · Art. H. TRANSITION PROVISIONS FOR 2013 AMENDMENTS
Statute text
View on source(a)The filing of a financing statement before the 2013 amendments take effect is effective to perfect a security interest to the extent the filing would satisfy the applicable requirements for perfection under this chapter, as amended by the 2013 amendments.
(b)The 2013 amendments do not render ineffective an effective financing statement that, before July 1, 2013, is filed and satisfies the applicable requirements for perfection under the law of the jurisdiction governing perfection as provided in this chapter as it existed before amendment. However, except as otherwise provided in Subsections (c) and (d) and Section 9.806, the financing statement ceases to be effective:
(1)if the financing statement is filed in this state, at the time the financing statement would have ceased to be effective had the 2013 amendments not taken effect; or
(2)if the financing statement is filed in another jurisdiction, at the earlier of:
(A)the time the financing statement would have ceased to be effective under the law of that jurisdiction; or
(B)June 30, 2018.
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Legislative history
Added by Acts 2011, 82nd Leg., R.S., Ch. 67 (S.B. 782), Sec. 18, eff. July 1, 2013.