§ 95.308

1 Tex. Admin. Code § 95.308

Assignment of Powers of Secured Party of Record

Effective Sep 4, 200126 TexReg 6654Source Note: The provisions of this §95.308 adopted to be effective September 4, 2001, 26 TexReg 6654.Texas Secretary of State

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(a) Status of the parties. An assignment shall have no effect on the status of the parties to the financing statement, except that each assignee named in the assignment shall become a secured party of record.
(b) Status of financing statement. An assignment shall have no effect upon the status of the financing statement.

Source Note:The provisions of this §95.308 adopted to be effective September 4, 2001, 26 TexReg 6654.