Rearrange Pages In Legal Texas Secured Transactions Forms For Free

Section 9.611 - Notification Before Disposition of Collateral (a) In this section, "notification date" means the earlier of the date on which: (1) a secured party sends to the debtor and any secondary obligor an authenticated notification of disposition; or (2) the debtor and any secondary obligor waive the right to ...

Section 9.609 - Secured Party's Right to Take Possession After Default (a) After default, a secured party: (1) may take possession of the collateral; and (2) without removal, may render equipment unusable and dispose of collateral on the debtor's premises under Section 9.610.

Article 9 of the Uniform Commercial Code requires a financing statement to include the name of the debtor. It is important to set forth the exact legal name of the debtor in any filings that are made.

Perfected Security Interest Documents In a Texas real estate transaction, a lender perfects a security interest by preparing, executing, and filing a deed of trust. In a personal property transaction, a secured party perfects their rights by filing a financing statement with the Texas Secretary of State.

(a) Except as otherwise provided in Subsection (b), a secured party may perfect a security interest in tangible negotiable documents, goods, instruments, money, or tangible chattel paper by taking possession of the collateral.

(i) [Priority of security interest in crops.] A perfected security interest in crops growing on real property has priority over a conflicting interest of an encumbrancer or owner of the real property if the debtor has an interest of record in or is in possession of the real property.