Sec. 261.007. NOTICE OF NAME CHANGE, MERGER, OR CONSOLIDATION. (a) A utility that changes its name or merges or consolidates after filing a utility security instrument under Section 261.004 shall promptly file with the secretary of state a written statement of the name change, merger, or consolidation. The written statement must:
(1) be signed by the secured party and the utility;
(2) identify the appropriate utility security instrument by file number; and
(3) state the name of the utility after the name change, merger, or consolidation.
(b) Unless a written statement is filed under Subsection (a) not later than four months after the effective date of the name change, merger, or consolidations, the filing of a utility security instrument before the name change, merger, or consolidation does not constitute perfection or serve as notice under Section 261.004 of a security interest in property acquired by the utility more than four months after the name change, merger, or consolidation.
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