INDICATION OF COLLATERAL
Known as the Uniform Commercial Code
The act spans §§ 1–12 (616 sections).
Applied in 12 court decisions — leading case Sms Financial Limited Liability Company v. Abco Homes Inc (1999)
Most recently applied in Tex Star Motors, Inc. v. Regal Finance Company, Ltd. and Regal Finance Company II, Ltd. (January 2012)
Amended by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
A financing statement sufficiently indicates the collateral that it covers if the financing statement provides:
(1) a description of the collateral pursuant to Section 9.108; or
(2) an indication that the financing statement covers all assets or all personal property.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.