(a) Filing. Utility security instruments and notices of name change, merger or consolidation will be accepted for filing as defined in Chapter 35, Texas Business and Commerce Code. Utility security instruments are filed and indexed within the UCC filing system. Notices of name change, merger or consolidation are filed as though they were financing statement amendments and must include identification of the initial file number (as defined in §95.101(8) of this title). A separate notice is submitted for each utility security instrument. An amendment to a utility security instrument shall be refused if the document's identification of the initial filing does not correspond to the identification number and file date of a utility security instrument then active in the UCC information management system.
- (1) Where to file. Utility security instruments, instruments supplementary or amendatory thereto, or a statement of name change, merger, or consolidation are filed with the filing office pursuant to Chapter 35, Texas Business and Commerce Code.
- (2) Fee. The required fee for filing and indexing each notice of lien or certificate or notice affecting is pursuant to Chapter 35.05, Texas Business and Commerce Code.
- (3) Duration. The notice is effective until the interest granted as security is released by the filing of a termination signed by the secured party, and no renewal, refiling, or continuation statement shall be required to continue such effectiveness pursuant to Chapter 35.03, Texas Business and Commerce Code.
- (b) Mechanics of search. Search requests and reports are conducted pursuant to Chapter 35.06, Texas Business and Commerce Code and as described in §§95.500-95.504 of this title.
- (c) Fee for search. The required fee for information from the filing office is pursuant to Chapter 35.06, Texas Business and Commerce Code and as described in §§95.111-95.112 of this title.
Source Note:The provisions of this §95.602 adopted to be effective September 4, 2001, 26 TexReg 6654.