§ 9.201 General Effectiveness of Security Agreement
§ 9.202 Title to Collateral Immaterial
§ 9.203 Attachment and Enforceability of Security Interest; Proceeds; Supporting Obligations; Formal Requisites
§ 9.204 After-Acquired Property; Future Advances
§ 9.205 Use or Disposition of Collateral Permissible
§ 9.206 Security Interest Arising in Purchase or Delivery of Financial Asset
§ 9.207 Rights and Duties of Secured Party Having Possession or Control of Collateral
§ 9.208 Additional Duties of Secured Party Having Control of Collateral
§ 9.209 Duties of Secured Party If Account Debtor Has Been Notified of Assignment
§ 9.210 Request for Accounting; Request Regarding List of Collateral or Statement of Account
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Terms Used In Texas Business and Commerce Code Chapter 9 > Subchapter B - Effectiveness of Security Agreement; Attachment of Security Interest; Rights of Parties to Security Agreement

  • Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Justice: when applied to a magistrate, means justice of the peace. See Texas Government Code 312.011
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Probate: Proving a will
  • Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005