This detailed sample UCC Security agreement complies with Texas law. Adapt the language to fit your facts and circumstances. Available in Word and Rich Text formats.
Austin Texas UCC Security agreement
Category:
State:
Texas
City:
Austin
Control #:
TX-1043
Format:
Word;
Rich Text
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How to fill out Texas UCC Security Agreement?
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FAQ
A request for a certified search of the UCC records must be submitted in writing to one of the Clerk of Court offices. The fee for the search is $30 per debtor name. The Secretary of State offers subscriptions to the UCC database for an annual fee of $400.
All UCC's that are filed with the County Clerk are valid for (5) years. Any statement that expires may be continued with the Secretary of State. If the statement remains effective past July 01, 2002, a new UCC will need to be filed. Please direct any questions to the Texas Secretary of State.
On , Texas Governor Rick Perry signed Senate Bill No. 782 into law, thereby making Texas the fifth state to adopt a version of the 2010 uniform amendments to the 1998 version of Article 9 of the Uniform Commercial Code (?Revised Uniform Article 9?).
A creditor files a UCC-1 to provide notice to interested parties that he or she has a security interest in a debtor's personal property. This personal property is being used as collateral in some type of secured transaction, usually a loan or a lease.
The Uniform Commercial Code allows a creditor, typically a financial institution or lender, to notify other creditors about a debtor's assets used as collateral for a secured transaction by filing a public notice (financing statement) with a particular filing office.
Texas has adopted the following Articles of the UCC: Article 3: Negotiable instruments: UCC Article 3 applies to negotiable instruments. It does not apply to money, to payment orders governed by Article 4A, or to securities governed by Article 8.
Every U.S. state and the District of Columbia have adopted at least part of the UCC (though it has not been adopted as federal law). Each jurisdiction, however, may make its own modifications (Louisiana has never adopted Article 2), and may organize its version of the UCC differently.
The Uniform Commercial Code allows a creditor, typically a financial institution or lender, to notify other creditors about a debtor's assets used as collateral for a secured transaction by filing a public notice (financing statement) with a particular filing office.
In Texas you can search for UCC-1 filings made against your company through a website provided by the Texas Secretary of State's office. There is a very small fee for conducting this search. Normally a UCC-1 Financing Statement expires five years from the date and time of filing as indicated on the UCC-1 form.
