Texas § BC.9.622 - EFFECT OF ACCEPTANCE OF COLLATERAL

Full text of Texas The Texas Constitution § BC.9.622 — EFFECT OF ACCEPTANCE OF COLLATERAL, with citation guidance and answers to common questions.

§ BC.9.622. EFFECT OF ACCEPTANCE OF COLLATERAL

EFFECT OF ACCEPTANCE OF COLLATERAL. (a) A secured party's acceptance of collateral in full or partial satisfaction of the obligation it secures: (1) discharges the obligation to the extent consented to by the debtor; (2) transfers to the secured party all of a debtor's rights in the collateral; (3) discharges the security interest or agricultural lien that is the subject of the debtor's consent and any subordinate security interest or other subordinate lien; and (4) terminates any other subordinate interest. (b) A subordinate interest is discharged or terminated under Subsection (a), even if the secured party fails to comply with this chapter. Added by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § BC.9.622

What does The Texas Constitution § BC.9.622 cover?

Section BC.9.622 ("EFFECT OF ACCEPTANCE OF COLLATERAL") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Texas § BC.9.622?

A common citation format is "The Texas Constitution § BC.9.622" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Texas law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.

How does Texas § BC.9.622 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Texas.