80th Texas Legislature, Regular Session, Senate Bill 1540, Chapter 565 Page: 4 of 7
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S.B. No. 1540
1 debtor is an organization, provide:
2 (i) a type of organization for the debtor;
3 (ii) a jurisdiction of organization for the
4 debtor; or
5 (iii) an organizational identification
.6 number for the debtor or indicate that the debtor has none;
7 (6) in the case of an assignment reflected in an
8 initial financing statement under Section 9.514(a) or an amendment
9 filed under Section 9.514(b), the record does not provide a name and
10 mailing address for the assignee;
11 (7) in the case of a continuation statement, the
12 record is not filed within the six-month period prescribed by
13 Section 9.515(d); or
14 (8) the record is not on an industry standard form,
15 including a national standard form or a form approved by the
16 International Association of Commercial Administrators, adopted by
17 rule by the secretary of state.
18 SECTION 3. Section 9.517, Business & Commerce Code, is
19 amended to read as follows:
20 Sec. 9.517. EFFECT OF INDEXING ERRORS. The failure of the
21 filing office to index a record or to correctly index information
22 contained in a record does not affect the effectiveness of the filed
23 record.
24 SECTION 4. Section 9.518, Business & Commerce Code, is
25 amended by amending Subsection (a) and adding Subsection (d) to
26 read as follows:
27 (a) Any person named as a debtor or a secured party [A4
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Texas. Legislature. Senate. 80th Texas Legislature, Regular Session, Senate Bill 1540, Chapter 565, legislative document, June 15, 2007; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth155713/m1/4/?rotate=90: accessed June 4, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.