TO: | Honorable John Carona, Chair, Senate Committee on Business & Commerce |
FROM: | John S O'Brien, Director, Legislative Budget Board |
IN RE: | SB782 by Carona (Relating to uniform law on secured transactions.), As Introduced |
The bill would amend Chapter 9 of the Business and Commerce Code related to secured transactions. The bill would clarify language related to secured transactions and would address certain items related to individual debtor names and trust records. The bill would also repeal Chapter 11 of the Business and Commerce Code related to effective date and transition provisions of the Uniform Commercial Code. The bill would take effect on July 1, 2013.
Source Agencies: | 307 Secretary of State
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LBB Staff: | JOB, AG, MS, BTA
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