Sec. 261.007. NOTICE OF NAME CHANGE, MERGER, OR CONSOLIDATION.
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Sec. 261.007. NOTICE OF NAME CHANGE, MERGER, OR CONSOLIDATION.
(a)A utility that changes its name or merges or consolidates after filing a utility security instrument under Section 261.004 shall promptly file with the secretary of state a written statement of the name change, merger, or consolidation. The written statement must:
(1)be signed by the secured party and the utility;
(2)identify the appropriate utility security instrument by file number; and
(3)state the name of the utility after the name change, merger, or consolidation.
(b)Unless a written statement is filed under Subsection
(a)not later than four months after the effective date of the name change, merger, or consolidations, the filing of a utility security instrument before the name change, merger, or consolidation does not constitute perfection or serve as notice under Section 261.004 of a security interest in property acquired by the utility more than four months after the name change, merger, or consolidation.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278 ), Sec. 2.01, eff. April 1, 2009.