UCC Article 9 Sales: Texas | Practical Law

UCC Article 9 Sales: Texas | Practical Law

A Q&A guide to Uniform Commercial Code (UCC) Article 9 Sales in Texas. Article 9 of the Model UCC is intended to create a uniform system across the country for creating, perfecting, and enforcing security interests in personal property. Although Article 9 has been adopted by many states, some states have made modifications to the law or have not adopted the most recent version of the law. This Q&A addresses the process by which secured creditors may exercise their rights to enforce their security interests in personal property under Texas's equivalent Article 9 statutes, including repossession remedies, notice requirements, disposition of proceeds, and collateral repurchase. Answers to questions can be compared across a number of jurisdictions (see UCC Article 9 Sales: State Q&A Tool).

UCC Article 9 Sales: Texas

Practical Law State Q&A w-032-8099 (Approx. 25 pages)

UCC Article 9 Sales: Texas

by Deborah Williamson and Jacob Burkholder, Dykema Gossett PLLC, with Practical Law Bankruptcy & Restructuring
MaintainedTexas, United States
A Q&A guide to Uniform Commercial Code (UCC) Article 9 Sales in Texas. Article 9 of the Model UCC is intended to create a uniform system across the country for creating, perfecting, and enforcing security interests in personal property. Although Article 9 has been adopted by many states, some states have made modifications to the law or have not adopted the most recent version of the law. This Q&A addresses the process by which secured creditors may exercise their rights to enforce their security interests in personal property under Texas's equivalent Article 9 statutes, including repossession remedies, notice requirements, disposition of proceeds, and collateral repurchase. Answers to questions can be compared across a number of jurisdictions (see UCC Article 9 Sales: State Q&A Tool).