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Texas Business & Commerce Code - Section 35.04. Notice Of Name Change, Merger Or Consolidation

Legal Research Home > Texas Lawyer > Business & Commerce Code > Texas Business & Commerce Code - Section 35.04. Notice Of Name Change, Merger Or Consolidation

§ 35.04. NOTICE OF NAME CHANGE, MERGER OR CONSOLIDATION. (a) Where a utility changes its name or merges or consolidates with another person after the deposit for filing of a security instrument executed by it, a written statement of the name change, merger or consolidation shall promptly be deposited for filing in the office of the Secretary of State. Any such statement must be signed by the secured party and the utility, identify the appropriate security instrument by file number, and state the name of the utility after the name change, merger or consolidation. (b) A security instrument deposited for filing before the name change, merger or consolidation is not effective to provide perfection or notice of interests granted as security under Section 35.02 of this Chapter in property acquired by the utility more than four months after the name change, merger or consolidation, unless the written statement is deposited for filing as required by Subsection (a) before the expiration of that time. Acts 1967, 60th Leg., p. 2343, ch. 785, § 1. Amended by Acts 1973, 63rd Leg., p. 1032, ch. 400, § 7, eff. Jan. 1, 1974.

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Last modified: August 10, 2007