Tex. Prop. Code § 64.061 · Subchapter B. ASSIGNMENT OF RENTS
ATTACHMENT, PERFECTION, AND PRIORITY OF ASSIGNEE'S SECURITY INTEREST IN PROCEEDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An assignee's security interest in rents attaches to identifiable proceeds.
(b) If an assignee's security interest in rents is perfected, the assignee's security interest in identifiable cash proceeds is perfected.
(c) Except as provided by Subsection (b), the provisions of Chapter 9, Business & Commerce Code, or the comparable Uniform Commercial Code provisions of another applicable jurisdiction, determine:
(1) whether an assignee's security interest in proceeds is perfected;
(2) the effect of perfection or nonperfection;
(3) the priority of an interest in proceeds; and
(4) the law governing perfection, the effect of perfection or nonperfection, and the priority of an interest in proceeds.
(d) For purposes of this chapter, cash proceeds are identifiable if they are maintained in a segregated deposit account or, if commingled with other funds, to the extent they can be identified by a method of tracing, including application of equitable principles, that is permitted under a law of this state other than this chapter with respect to commingled funds.
Notes and commentary — not statutory text
History
Added by Acts 2011, 82nd Leg., R.S., Ch. 636 (S.B. 889), Sec. 2, eff. June 17, 2011.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/PR/htm/PR.64.htm
- Text hash
- sha256 727185996854aeebe561da1230d8bf031121d63901c80adb979690ffcfb5de77
- 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
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.