Texas Business & Commerce Code - Section 35.07. Recording Of Notice In County Of Real Property; Separate Index By County Clerk Of Security Instruments And Continuation Statements
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§ 35.07. RECORDING OF NOTICE IN COUNTY OF REAL PROPERTY;
SEPARATE INDEX BY COUNTY CLERK OF SECURITY INSTRUMENTS AND
CONTINUATION STATEMENTS. (a) If any security instrument filed
with the office of the Secretary of State under Section 35.02 of
this code grants an interest, as security, in any real property
owned by the utility, a notice of utility security instrument
affecting real property shall be recorded in the office of the
county clerk in the county where the real property is located,
stating
(1) the name of the utility which executed the
security instrument;
(2) that a security instrument affecting real property
in the county has been executed by the utility; and
(3) that such security instrument was filed, and other
security instruments may be on file, in the office of the Secretary
of State.
(b) It shall not be necessary to record a notice regarding
other security instruments executed by the utility, and the notice
recorded under Subsection (a) of this section shall be sufficient
to provide notice of any and all other security instruments
(1) executed by the utility;
(2) filed in the office of the Secretary of State; and
(3) granting an interest, as security, in any real
property, and fixtures thereto, located in the county where such
notice was recorded.
(c) Notices recorded under Subsection (a) of this section
shall be recorded and indexed by the county clerk in the same
records and indices as are mortgages on real property.
(d) The county clerk shall maintain a separate index of
utility security instruments and continuation statements recorded
under prior law.
Acts 1967, 60th Leg., p. 2343, ch. 785, § 1. Amended by Acts
1973, 63rd Leg., p. 1032, ch. 400, § 7, eff. Jan. 1, 1974.
Section: 35.01 35.015 35.02 35.03 35.04 35.05 35.06 35.07 35.08 35.09 35.14 35.15 35.16 35.17 35.18
Last modified: August 10, 2007
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