Texas § 64.061 ATTACHMENT, PERFECTION, AND PRIORITY OF ASSIGNEE'S SECURITY INTEREST IN PROCEEDS.

Texas Statutes

§ 64.061 — ATTACHMENT, PERFECTION, AND PRIORITY OF ASSIGNEE'S SECURITY INTEREST IN PROCEEDS.

Texas § 64.061

Code PRProperty Code

This text of Texas § 64.061 (ATTACHMENT, PERFECTION, AND PRIORITY OF ASSIGNEE'S SECURITY INTEREST IN PROCEEDS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Property Code Code Ann. § 64.061 (2026).

Text

Sec. 64.061. ATTACHMENT, PERFECTION, AND PRIORITY OF ASSIGNEE'S SECURITY INTEREST IN PROCEEDS.

(a)An assignee's security interest in rents attaches to identifiable proceeds.

(b)If an assignee's security interest in rents is perfected, the assignee's security interest in identifiable cash proceeds is perfected.

(c)Except as provided by Subsection (b), the provisions of Chapter 9 , Business & Commerce Code, or the comparable Uniform Commercial Code provisions of another applicable jurisdiction, determine:

(1)whether an assignee's security interest in proceeds is perfected;

(2)the effect of perfection or nonperfection;

(3)the priority of an interest in proceeds; and

(4)the law governing perfection, the effect of perfection or nonperfection, and the priority of an interest in proceeds.

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Sec. 64.061. ATTACHMENT, PERFECTION, AND PRIORITY OF ASSIGNEE'S SECURITY INTEREST IN PROCEEDS. (a) An assignee's security interest in rents attaches to identifiable proceeds.
(b) If an assignee's security interest in rents is perfected, the assignee's security interest in identifiable cash proceeds is perfected.
(c) Except as provided by Subsection (b), the provisions of Chapter 9 , Business & Commerce Code, or the comparable Uniform Commercial Code provisions of another applicable jurisdiction, determine:
(1) whether an assignee's security interest in proceeds is perfected;
(2) the effect of perfection or nonperfection;
(3) the priority of an interest in proceeds; and
(4) the law governing perfection, the effect of perfection or nonperfection, and the priority of an interest in proceeds.
(d) For purposes of this chapter, cash proceeds are identifiable if they are maintained in a segregated deposit account or, if commingled with other funds, to the extent they can be identified by a method of tracing, including application of equitable principles, that is permitted under a law of this state other than this chapter with respect to commingled funds.