Tex. Bus. & Com. Code § 9.110

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 9.110 - Security Interests Arising Under Chapter 2 or 2A

A security interest arising under Section 2.401, 2.505, 2.711(c), or 2A.508(e) is subject to this chapter. However, until the debtor obtains possession of the goods:

(1) the security interest is enforceable, even if Section 9.203(b)(3) has not been satisfied;

(2) filing is not required to perfect the security interest;

(3) the rights of the secured party after default by the debtor are governed by Chapter 2 or 2A; and

(4) the security interest has priority over a conflicting security interest created by the debtor.

Tex. Bus. and Comm. Code § 9.110

Amended by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. 7/1/2001.