Sec. 30.03. PETITION FOR WRIT OF ASSISTANCE. (a) A repossession agent may file a petition in a justice court for a writ of assistance for the repossession of an aircraft.
(b) The repossession agent is entitled to the writ if the repossession agent establishes that:
(1) the aircraft is subject to the proposed repossession; and
(2) the repossession agent is authorized to engage in the repossession.
(c) The petition for the writ must include a copy of:
(1) the security agreement relating to the aircraft;
(2) the notice of default under the security agreement sent by the lender to the borrower;
(3) the instrument in which a power of attorney for the repossession is granted to the repossession agent by the lender; and
(4) the results of a title search of the Federal Aviation Administration's records for the aircraft.
Added by Acts 2015, 84th Leg., R.S., Ch. 1125 (H.B. 3901), Sec. 1, eff. September 1, 2015.
Section: Previous 30.01 30.02Last modified: September 28, 2016