Texas Administrative Code
Title 1 - ADMINISTRATION
Part 4 - OFFICE OF THE SECRETARY OF STATE
Chapter 95 - UNIFORM COMMERCIAL CODE
Subchapter C - UCC INFORMATION MANAGEMENT SYSTEM
Section 95.313 - Removal of Record

Universal Citation: 1 TX Admin Code ยง 95.313
Current through Reg. 49, No. 12; March 22, 2024

A financing statement must remain as an Active Record until at least one year after it lapses, or if it is indicated to be filed against a transmitting utility, until at least one year after it is terminated with respect to all secured parties of record. On or after the first anniversary of such lapse or termination date, the filing office or the UCC information management system may remove the financing statement and all related UCC records from the Searchable Indexes or from the UCC information management system and upon such removal, the removed UCC Records shall cease to be Active Records. UCC Records removed from the UCC information management system shall be maintained as provided in § RSA 95.407 of this title (relating to Archives - General).

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