261.004 – FILING UTILITY SECURITY INSTRUMENT WITH SECRETARY
Texas Business and Commerce Code § 261.004
Summary
This law outlines the process for filing a utility security instrument with the Secretary of State, which perfects a security interest in personal property. It primarily affects utilities seeking to secure interests in property through formal filing procedures.
Filing with the Secretary of State perfects security interests.
Applicable to utilities as defined in Section 261.003(1).
Requires payment of a prescribed filing fee.
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In simple terms: Learn about Texas's FILING UTILITY SECURITY INSTRUMENT WITH SECRETARY law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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