Texas Statutes (Last Updated: January 4, 2014) |
TRANSPORTATION CODE |
Title 7. VEHICLES AND TRAFFIC |
Subtitle A. CERTIFICATES OF TITLE AND REGISTRATION OF VEHICLES |
Chapter 501. CERTIFICATE OF TITLE ACT |
Subchapter F. SECURITY INTERESTS |
Sec. 501.111. PERFECTION OF SECURITY INTEREST
Latest version.
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(a) Except as provided by Subsection (b), a person may perfect a security interest in a motor vehicle that is the subject of a first or subsequent sale only by recording the security interest on the title as provided by this chapter.
(b) A person may perfect a security interest in a motor vehicle held as inventory by a person in the business of selling motor vehicles only by complying with Chapter 9, Business & Commerce Code.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 1296 , Sec. 51, eff. January 1, 2012.