Texas Administrative Code (Last Updated: March 27,2024) |
TITLE 1. ADMINISTRATION |
PART 4. OFFICE OF THE SECRETARY OF STATE |
CHAPTER 95. UNIFORM COMMERCIAL CODE |
SUBCHAPTER C. UCC INFORMATION MANAGEMENT SYSTEM |
SECTION 95.312. Procedure Upon Lapse
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If there is no timely filing of a continuation with respect to a financing statement, the financing statement lapses on its lapse date but no action is then taken by the filing office.
Source Note: The provisions of this §95.312 adopted to be effective July 1, 2012, 37 TexReg 4571