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2021 Texas Statutes
Business and Commerce Code
Title 8 - Security Instruments
Chapter 261 - Utility Security Instruments
Section 261.003. Applicability of Chapter
Universal Citation: TX Bus & Com Code § 261.003 (2021)
Sec. 261.003. APPLICABILITY OF CHAPTER. 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).
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.
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