Tex. Bus. & Com. Code § 9.508 · Subchapter E. FILING
EFFECTIVENESS OF FINANCING STATEMENT IF NEW DEBTOR BECOMES BOUND BY SECURITY AGREEMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Except as otherwise provided in this section, a filed financing statement naming an original debtor is effective to perfect a security interest in collateral in which a new debtor has or acquires rights to the extent that the financing statement would have been effective had the original debtor acquired rights in the collateral.
(b) If the difference between the name of the original debtor and that of the new debtor causes a filed financing statement that is effective under Subsection (a) to be seriously misleading under Section 9.506:
(1) the financing statement is effective to perfect a security interest in collateral acquired by the new debtor before, and within four months after, the new debtor becomes bound under Section 9.203(d); and
(2) the financing statement is not effective to perfect a security interest in collateral acquired by the new debtor more than four months after the new debtor becomes bound under Section 9.203(d) unless an initial financing statement providing the name of the new debtor is filed before the expiration of that time.
(c) This section does not apply to collateral as to which a filed financing statement remains effective against the new debtor under Section 9.507(a).
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BC/htm/BC.9.htm
- Text hash
- sha256 e25b6d1d4247fe797ceec347e67848a83daba0708fe3506e59940f5c74710f17
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Business & Commerce Code
- Tex. Bus. & Com. Code § 9.203ATTACHMENT AND ENFORCEABILITY OF SECURITY INTEREST; PROCEEDS; SUPPORTING OBLIGATIONS; FORMAL REQUISITES.Printed as Section 9.203(d)
- Tex. Bus. & Com. Code § 9.506EFFECT OF ERRORS OR OMISSIONS.Printed as Section 9.506
- Tex. Bus. & Com. Code § 9.507EFFECT OF CERTAIN EVENTS ON EFFECTIVENESS OF FINANCING STATEMENT.Printed as Section 9.507(a)
Cited by 3 provisions
Provisions in this library whose text cites Tex. Bus. & Com. Code § 9.508. Each shows the citation as that text prints it.
Business & Commerce Code
- Tex. Bus. & Com. Code § 9.326PRIORITY OF SECURITY INTERESTS CREATED BY NEW DEBTOR.Printed as Section 9.508 | Sections 9.508 and 9.316(i)(1)
- Tex. Bus. & Com. Code § 9.506EFFECT OF ERRORS OR OMISSIONS.Printed as Section 9.508(b)
- Tex. Bus. & Com. Code § 9.507EFFECT OF CERTAIN EVENTS ON EFFECTIVENESS OF FINANCING STATEMENT.Printed as Section 9.508
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