reglab/housing_qa huggingface dataset:
TX Bus & Com Code § 9.309 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Subchapter C. Perfection and Priority|Section 9.309. Security Interest Perfected Upon Attachment

Sec. 9.309.  SECURITY INTEREST PERFECTED UPON ATTACHMENT.  The following security interests are perfected when they attach:(1)  a purchase money security interest in consumer goods, except as otherwise provided in Section 9.311(b) with respect to consumer goods that are subject to a statute or treaty described in Section 9.311(a);(2)  an assignment of accounts or payment intangibles that does not by itself or in conjunction with other assignments to the same assignee transfer a significant part of the assignor's outstanding accounts or payment intangibles;(3)  a sale of a payment intangible;(4)  a sale of a promissory note;(5)  a security interest created by the assignment of a health-care-insurance receivable to the provider of the health care goods or services;(6)  a security interest arising under Section 2.401, 2.505, 2.711(c), or 2A.508(e), until the debtor obtains possession of the collateral;(7)  a security interest of a collecting bank arising under Section 4.210;(8)  a security interest of an issuer or nominated person arising under Section 5.118;(9)  a security interest arising in the delivery of a financial asset under Section 9.206(c);(10)  a security interest in investment property created by a broker or securities intermediary;(11)  a security interest in a commodity contract or a commodity account created by a commodity intermediary;(12)  an assignment for the benefit of all the creditors of the transferor and subsequent transfers by the assignee thereunder;(13)  a security interest created by an assignment of a beneficial interest in a decedent's estate;  and(14)  a sale by an individual of an account that is a right to payment of winnings in a lottery or other game of chance.|Amended by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001;  Acts 2003, 78th Leg., ch. 917, Sec. 4, eff. Sept. 1, 2003.|
TX Bus & Com Code § 9.310 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Subchapter C. Perfection and Priority|Section 9.310. When Filing Required to Perfect Security Interest or Agricultural Lien; Security Interests and Agricultural Liens to Which Filing Provisions Do Not Apply

Sec. 9.310.  WHEN FILING REQUIRED TO PERFECT SECURITY INTEREST OR AGRICULTURAL LIEN;  SECURITY INTERESTS AND AGRICULTURAL LIENS TO WHICH FILING PROVISIONS DO NOT APPLY.  (a)  Except as otherwise provided in Subsection (b) and Section 9.312(b), a financing statement must be filed to perfect all security interests and agricultural liens.(b)  The filing of a financing statement is not necessary to perfect a security interest:(1)  that is perfected under Section 9.308(d), (e), (f), or (g);(2)  that is perfected under Section 9.309 when it attaches;(3)  in property subject to a statute, regulation, or treaty described in Section 9.311(a);(4)  in goods in possession of a bailee that is perfected under Section 9.312(d)(1) or (2);(5)  in certificated securities, documents, goods, or instruments which is perfected without filing, control or possession under Section 9.312(e), (f), or (g);(6)  in collateral in the secured party's possession under Section 9.313;(7)  in a certificated security that is perfected by delivery of the security certificate to the secured party under Section 9.313;(8)  in deposit accounts, electronic chattel paper, electronic documents, investment property, virtual currencies, or letter-of-credit rights that is perfected by control under Section 9.314;(9)  in proceeds that is perfected under Section 9.315; or(10)  that is perfected under Section 9.316.(c)  If a secured party assigns a perfected security interest or agricultural lien, a filing under this Chapter is not required to continue the perfected status of the security interest against creditors of and transferees from the original debtor.|Amended by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.Amended by: Acts 2005, 79th Leg., Ch. 122 (S.B. 1593), Sec. 24, eff. September 1, 2005.Acts 2021, 87th Leg., R.S., Ch. 284 (H.B. 3794), Sec. 2, eff. September 1, 2021.Acts 2021, 87th Leg., R.S., Ch. 739 (H.B. 4474), Sec. 3, eff. September 1, 2021.|
TX Bus & Com Code § 9.314 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Subchapter C. Perfection and Priority|Section 9.314. Perfection by Control

Sec. 9.314.  PERFECTION BY CONTROL.  (a)  A security interest in investment property, deposit accounts, letter-of-credit rights, virtual currencies, electronic chattel paper, or electronic documents may be perfected by control of the collateral under Section 7.106, 9.104, 9.105, 9.106, 9.107, or 9.1071.(b)  A security interest in deposit accounts, electronic chattel paper, virtual currencies, letter-of-credit rights, or electronic documents is perfected by control under Section 7.106, 9.104, 9.105, 9.107, or 9.1071 when the secured party obtains control and remains perfected by control only while the secured party retains control.(c)  A security interest in investment property is perfected by control under Section 9.106 from the time the secured party obtains control and remains perfected by control until:(1)  the secured party does not have control;  and(2)  one of the following occurs:(A)  if the collateral is a certificated security, the debtor has or acquires possession of the security certificate;(B)  if the collateral is an uncertificated security, the issuer has registered or registers the debtor as the registered owner;  or(C)  if the collateral is a security entitlement, the debtor is or becomes the entitlement holder.|Amended by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.Amended by: Acts 2005, 79th Leg., Ch. 122 (S.B. 1593), Sec. 27, eff. September 1, 2005.Acts 2021, 87th Leg., R.S., Ch. 739 (H.B. 4474), Sec. 6, eff. September 1, 2021.|
TX Bus & Com Code § 9.315 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Subchapter C. Perfection and Priority|Section 9.315. Secured Party's Rights on Disposition of Collateral and in Proceeds

Sec. 9.315.  SECURED PARTY'S RIGHTS ON DISPOSITION OF COLLATERAL AND IN PROCEEDS.  (a)  Except as otherwise provided in this chapter and Section 2.403(b):(1)  a security interest or agricultural lien continues in collateral notwithstanding sale, lease, license, exchange, or other disposition thereof unless the secured party authorized the disposition free of the security interest or agricultural lien;  and(2)  a security interest attaches to any identifiable proceeds of collateral.(b)  Proceeds that are commingled with other property are identifiable proceeds:(1)  if the proceeds are goods, to the extent provided by Section 9.336;  and(2)  if the proceeds are not goods, to the extent that the secured party identifies the proceeds by a method of tracing, including application of equitable principles, that is permitted under law other than this chapter with respect to commingled property of the type involved.(c)  A security interest in proceeds is a perfected security interest if the interest in the original collateral was perfected.(d)  A perfected security interest in proceeds becomes unperfected on the 21st day after the security interest attaches to receipt of the proceeds unless:(1)  the following conditions are satisfied:(A)  a filed financing statement covers the original collateral;(B)  the proceeds are collateral in which a security interest may be perfected by filing in the office in which the financing statement has been filed;  and(C)  the proceeds are not acquired with cash proceeds;(2)  the proceeds are identifiable cash proceeds;  or(3)  the security interest in the proceeds is perfected other than under Subsection (c) when the security interest attaches to the proceeds or within 20 days thereafter.(e)  If a filed financing statement covers the original collateral, a security interest in proceeds that remains perfected under Subsection (d)(1) becomes unperfected at the later of:(1)  when the effectiveness of the filed financing statement lapses under Section 9.515 or is terminated under Section 9.513;  or(2)  the 21st day after the security interest attaches to the proceeds.|Amended by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.|
TX Bus & Com Code § 9.317 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Subchapter C. Perfection and Priority|Section 9.317. Interests That Take Priority Over or Take Free of Security Interest or Agricultural Lien

Sec. 9.317.  INTERESTS THAT TAKE PRIORITY OVER OR TAKE FREE OF SECURITY INTEREST OR AGRICULTURAL LIEN.  (a)  A security interest or agricultural lien is subordinate to the rights of:(1)  a person entitled to priority under Section 9.322;  and(2)  except as otherwise provided in Subsection (e), a person that becomes a lien creditor before the earlier of the time:(A)  the security interest or agricultural lien is perfected;  or(B)  one of the conditions specified in Section 9.203(b)(3) is met and a financing statement covering the collateral is filed.(b)  Except as otherwise provided in Subsection (e), a buyer, other than a secured party, of tangible chattel paper, tangible documents, goods, instruments, or a certificated security takes free of a security interest or agricultural lien if the buyer gives value and receives delivery of the collateral without knowledge of the security interest or agricultural lien and before it is perfected.(c)  Except as otherwise provided in Subsection (e), a lessee of goods takes free of a security interest or agricultural lien if the lessee gives value and receives delivery of the collateral without knowledge of the security interest or agricultural lien and before it is perfected.(d)  A licensee of a general intangible or a buyer, other than a secured party, of collateral other than tangible chattel paper, tangible documents, goods, instruments, or a certificated security takes free of a security interest if the licensee or buyer gives value without knowledge of the security interest and before it is perfected.(e)  Except as otherwise provided in Sections 9.320 and 9.321, if a person files a financing statement with respect to a purchase-money security interest before or within 20 days after the debtor receives delivery of the collateral, the security interest takes priority over the rights of a buyer, lessee, or lien creditor that arise between the time the security interest attaches and the time of filing.|Amended by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001;  Acts 2001, 77th Leg., ch. 705, Sec. 6, eff. June 13, 2001.Amended by: Acts 2005, 79th Leg., Ch. 122 (S.B. 1593), Sec. 28, eff. September 1, 2005.Acts 2011, 82nd Leg., R.S., Ch. 67 (S.B. 782), Sec. 7, eff. July 1, 2013.|
TX Bus & Com Code § 9.318 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Subchapter C. Perfection and Priority|Section 9.318. No Interest Retained in Right to Payment That Is Sold; Rights and Title of Seller of Account or Chattel Paper With Respect to Creditors and Purchasers

Sec. 9.318.  NO INTEREST RETAINED IN RIGHT TO PAYMENT THAT IS SOLD;  RIGHTS AND TITLE OF SELLER OF ACCOUNT OR CHATTEL PAPER WITH RESPECT TO CREDITORS AND PURCHASERS.  (a)  A debtor that has sold an account, chattel paper, payment intangible, or promissory note does not retain a legal or equitable interest in the collateral sold.(b)  For purposes of determining the rights of creditors of, and purchasers for value of an account or chattel paper from, a debtor that has sold an account or chattel paper, while the buyer's security interest is unperfected, the debtor is deemed to have rights and title to the account or chattel paper identical to those the debtor sold.|Amended by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.|
TX Bus & Com Code § 9.319 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Subchapter C. Perfection and Priority|Section 9.319. Rights and Title of Consignee With Respect to Creditors and Purchasers

Sec. 9.319.  RIGHTS AND TITLE OF CONSIGNEE WITH RESPECT TO CREDITORS AND PURCHASERS.  (a)  Except as otherwise provided in Subsection (b), for purposes of determining the rights of creditors of, and purchasers for value of goods from, a consignee, while the goods are in the possession of the consignee, the consignee is deemed to have rights and title to the goods identical to those the consignor had or had power to transfer.(b)  For purposes of determining the rights of a creditor of a consignee, law other than this chapter determines the rights and title of a consignee while goods are in the consignee's possession if, under this subchapter, a perfected security interest held by the consignor would have priority over the rights of the creditor.|Amended by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.|
TX Bus & Com Code § 9.320 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Subchapter C. Perfection and Priority|Section 9.320. Buyers of Goods

Sec. 9.320.  BUYERS OF GOODS.  (a)  Except as otherwise provided by Subsection (e), a buyer in ordinary course of business, other than a person buying farm products from a person engaged in farming operations, takes free of a security interest created by the buyer's seller, even if the security interest is perfected and the buyer knows of its existence.(b)  Except as otherwise provided in Subsection (e), a buyer of goods from a person who used or bought the goods for use primarily for personal, family, or household purposes takes free of a security interest, even if perfected, if the buyer buys:(1)  without knowledge of the security interest;(2)  for value;(3)  primarily for the buyer's personal, family, or household purposes;  and(4)  before the filing of a financing statement covering the goods.(c)  To the extent that it affects the priority of a security interest over a buyer of goods under Subsection (b), the period of effectiveness of a filing made in the jurisdiction in which the seller is located is governed by Sections 9.316(a) and (b).(d)  A buyer in ordinary course of business buying oil, gas, or other minerals at the wellhead or minehead or after extraction takes free of an interest arising out of an encumbrance.(e)  Subsections (a) and (b) do not affect a security interest in goods in the possession of the secured party under Section 9.313.|Added by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.|
TX Bus & Com Code § 9.321 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Subchapter C. Perfection and Priority|Section 9.321. Licensee of General Intangible and Lessee of Goods in Ordinary Course of Business

Sec. 9.321.  LICENSEE OF GENERAL INTANGIBLE AND LESSEE OF GOODS IN ORDINARY COURSE OF BUSINESS.  (a)  In this section, "licensee in ordinary course of business" means a person that becomes a licensee of a general intangible in good faith, without knowledge that the license violates the rights of another person in the general intangible, and in the ordinary course from a person in the business of licensing general intangibles of that kind.  A person becomes a licensee in the ordinary course if the license to the person comports with the usual or customary practices in the kind of business in which the licensor is engaged or with the licensor's own usual or customary practices.(b)  A licensee in ordinary course of business takes its rights under a nonexclusive license free of a security interest in the general intangible created by the licensor, even if the security interest is perfected and the licensee knows of its existence.(c)  A lessee in ordinary course of business takes its leasehold interest free of a security interest in the goods created by the lessor, even if the security interest is perfected and the lessee knows of its existence.|Added by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.|
TX Bus & Com Code § 9.323 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Subchapter C. Perfection and Priority|Section 9.323. Future Advances

Sec. 9.323.  FUTURE ADVANCES.  (a)  Except as otherwise provided in Subsection (c), for purposes of determining the priority of a perfected security interest under Section 9.322(a)(1), perfection of the security interest dates from the time an advance is made to the extent that the security interest secures an advance that:(1)  is made while the security interest is perfected only:(A)  under Section 9.309 when it attaches;  or(B)  temporarily under Section 9.312(e), (f), or (g);  and(2)  is not made pursuant to a commitment entered into before or while the security interest is perfected by a method other than under Section 9.309 or 9.312(e), (f), or (g).(b)  Except as otherwise provided in Subsection (c), a security interest is subordinate to the rights of a person that becomes a lien creditor to the extent that the security interest secures an advance made more than 45 days after the person becomes a lien creditor unless the advance is made:(1)  without knowledge of the lien;  or(2)  pursuant to a commitment entered into without knowledge of the lien.(c)  Subsections (a) and (b) do not apply to a security interest held by a secured party that is a buyer of accounts, chattel paper, payment intangibles, or promissory notes or a consignor.(d)  Except as otherwise provided in Subsection (e), a buyer of goods other than a buyer in ordinary course of business takes free of a security interest to the extent that it secures advances made after the earlier of:(1)  the time the secured party acquires knowledge of the buyer's purchase;  or(2)  45 days after the purchase.(e)  Subsection (d) does not apply if the advance is made pursuant to a commitment entered into without knowledge of the buyer's purchase and before the expiration of the 45-day period.(f)  Except as otherwise provided in Subsection (g), a lessee of goods, other than a lessee in ordinary course of business, takes the leasehold interest free of a security interest to the extent that it secures advances made after the earlier of:(1)  the time the secured party acquires knowledge of the lease;  or(2)  45 days after the lease contract becomes enforceable.(g)  Subsection (f) does not apply if the advance is made pursuant to a commitment entered into without knowledge of the lease and before the expiration of the 45-day period.|Added by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.  Amended by Acts 2001, 77th Leg., ch. 705, Sec. 7, eff. June 13, 2001.|
TX Bus & Com Code § 9.325 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Subchapter C. Perfection and Priority|Section 9.325. Priority of Security Interests in Transferred Collateral

Sec. 9.325.  PRIORITY OF SECURITY INTERESTS IN TRANSFERRED COLLATERAL.  (a)  Except as otherwise provided in Subsection (b), a security interest created by a debtor is subordinate to a security interest in the same collateral created by another person if:(1)  the debtor acquired the collateral subject to the security interest created by the other person;(2)  the security interest created by the other person was perfected when the debtor acquired the collateral;  and(3)  there is no period thereafter when the security interest is unperfected.(b)  Subsection (a) subordinates a security interest only if the security interest:(1)  otherwise would have priority solely under Section 9.322(a) or 9.324;  or(2)  arose solely under Section 2.711(c) or 2A.508(e).|Added by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.|
TX Bus & Com Code § 9.326 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Subchapter C. Perfection and Priority|Section 9.326. Priority of Security Interests Created by New Debtor

Sec. 9.326.  PRIORITY OF SECURITY INTERESTS CREATED BY NEW DEBTOR.  (a)  Subject to Subsection (b), a security interest that is created by a new debtor in collateral in which the new debtor has or acquires rights and perfected by a filed financing statement that would be ineffective to perfect the security interest but for the application of Section 9.508 or of Sections 9.508 and 9.316(i)(1) is subordinate to a security interest in the same collateral that is perfected other than by such a filed financing statement.(b)  The other provisions of this subchapter determine the priority among conflicting security interests in the same collateral perfected by filed financing statements described in Subsection (a).  However, if the security agreements to which a new debtor became bound as debtor were not entered into by the same original debtor, the conflicting security interests rank according to priority in time of the new debtor's having become bound.|Added by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 67 (S.B. 782), Sec. 8, eff. July 1, 2013.|
TX Bus & Com Code § 9.327 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 1 - Uniform Commercial Code|Chapter 9 - Secured Transactions|Subchapter C. Perfection and Priority|Section 9.327. Priority of Security Interests in Deposit Account

Sec. 9.327.  PRIORITY OF SECURITY INTERESTS IN DEPOSIT ACCOUNT.  The following rules govern priority among conflicting security interests in the same deposit account:(1)  A security interest held by a secured party having control of the deposit account under Section 9.104 has priority over a conflicting security interest held by a secured party that does not have control.(2)  Except as otherwise provided in Subdivisions (3) and (4), security interests perfected by control under Section 9.314 rank according to priority in time of obtaining control.(3)  Except as otherwise provided in Subdivision (4), a security interest held by the bank with which the deposit account is maintained has priority over a conflicting security interest held by another secured party.(4)  A security interest perfected by control under Section 9.104(a)(3) has priority over a security interest held by the bank with which the deposit account is maintained.|Added by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.|