Tex. Business & Commerce Code § 261.003
This is the official text of Tex. Business & Commerce Code § 261.003, part of Texas’s Business & Commerce Code — governs commercial transactions and general business practices.
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§ 261.003. APPLICABILITY OF CHAPTER.
Official statutory text
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).
(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).
Status: in_force · Read it on the official government site
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