Tex. Bus. & Com. Code § 9.514 · Subchapter E. FILING
ASSIGNMENT OF POWERS OF SECURED PARTY OF RECORD.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Except as otherwise provided in Subsection (c), an initial financing statement may reflect an assignment of all of the secured party's power to authorize an amendment to the financing statement by providing the name and mailing address of the assignee as the name and address of the secured party.
(b) Except as otherwise provided in Subsection (c), a secured party of record may assign of record all or a part of its power to authorize an amendment to a financing statement by filing in the filing office an amendment of the financing statement that:
(1) identifies, by its file number, the initial financing statement to which it relates;
(2) provides the name of the assignor; and
(3) provides the name and mailing address of the assignee.
(c) An assignment of record of a security interest in a fixture covered by a record of a mortgage that is effective as a financing statement filed as a fixture filing under Section 9.502(c) may be made only by an assignment of record of the mortgage in the manner provided by law of this state other than this chapter.
(d) A secured party of record may assign of record all of the secured party's rights under more than one financing statement filed with the Secretary of State by filing a master assignment setting forth the name of the secured party of record and file number of each financing statement and the name and mailing address of the assignee. The secured party must also provide filing information in computer-readable form prescribed by the Secretary of State.
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 52d1640141f74f0f7508187d26412837b89cd9ea5b0f2b261a4ba796a99e857d
- 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.
Cited by 6 provisions
Provisions in this library whose text cites Tex. Bus. & Com. Code § 9.514. Each shows the citation as that text prints it.
Agriculture Code
Business & Commerce Code
- Tex. Bus. & Com. Code § 9.511SECURED PARTY OF RECORD.Printed as Section 9.514(a) | Section 9.514(b)
- Tex. Bus. & Com. Code § 9.516WHAT CONSTITUTES FILING; EFFECTIVENESS OF FILING.Printed as Section 9.512, 9.514, or 9.518 | Section 9.514(a) | Section 9.514(b)
- Tex. Bus. & Com. Code § 9.519NUMBERING, MAINTAINING, AND INDEXING RECORDS; COMMUNICATING INFORMATION PROVIDED IN RECORDS.Printed as Section 9.514(a) | Section 9.514(b)
- Tex. Bus. & Com. Code § 9.525FEES.Printed as Section 9.514(d)
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.