SECTION 96.60. What Constitutes a Filing, Duration, and Filing Sequence

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(a) A filing under §39.309 of the Texas Utilities Code is made when:
(1) a transition property notice is presented to and received by the filing officer; and
(2) the filing officer indicates a file number and filing date and filing time thereon.
(b) Except to the extent amended, assigned, or released pursuant to §§96.62 - 96.65 of this title, a security interest remains effective until terminated pursuant to §96.65 of this title.
(c) A transition property notice may be filed before a security interest is made or a security interest otherwise attaches or before a transfer of an interest in transition property to an assignee becomes effective.

Source Note: The provisions of this §96.60 adopted to be effective September 4, 2001, 26 TexReg 6658

                    
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