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Texas Statutes (Last Updated: January 4, 2014) |
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BUSINESS AND COMMERCE CODE |
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Title 8. SECURITY INSTRUMENTS |
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Chapter 261. UTILITY SECURITY INSTRUMENTS |
Sec. 261.007. NOTICE OF NAME CHANGE, MERGER, OR CONSOLIDATION
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(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.