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.
Structure Texas Statutes
Title 8 - Security Instruments
Chapter 261 - Utility Security Instruments
Section 261.002. Act Constituting Filing
Section 261.003. Applicability of Chapter
Section 261.004. Filing Utility Security Instrument With Secretary of State: Perfection and Notice
Section 261.005. Duration of Perfection and Notice
Section 261.006. Priorities and Remedies Applicable to Certain Perfected Security Interests
Section 261.007. Notice of Name Change, Merger, or Consolidation
Section 261.008. Endorsement and Filing by Secretary of State; Fees
Section 261.009. Certificate of Filing; Fee
Section 261.010. Copy of Filed Utility Security Instrument; Fee
Section 261.011. Notice of Utility Security Instrument Affecting Real Property