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Senate Bill 782 |
Senate Author: Carona |
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Effective: 7-1-13 |
House Sponsor: Deshotel |
Senate Bill 782 modernizes and revises the uniform law on secured transactions contained in the Business & Commerce Code. The bill amends provisions relating to the perfection and priority of security interests, the rights of third parties, the filing of financing statements, and the enforcement of a mortgage by a secured party after default, and adopts new and updated terminology.