Texas § GV.1201.044 - PLEDGE OR LIEN ON RESOURCES, ASSETS, OR FUND OF ISSUER
Full text of Texas The Texas Constitution § GV.1201.044 — PLEDGE OR LIEN ON RESOURCES, ASSETS, OR FUND OF ISSUER, with citation guidance and answers to common questions.
§ GV.1201.044. PLEDGE OR LIEN ON RESOURCES, ASSETS, OR FUND OF ISSUER
PLEDGE OR LIEN ON RESOURCES, ASSETS, OR FUND OF ISSUER. (a) A pledge or lien provided for in a public security authorization on a resource of an issuer, including revenue or income, on an asset of an issuer, or on a fund maintained by an issuer: (1) is valid without further action by the issuer according to its terms and without being filed or recorded, except in the records of the issuer; (2) is effective from the time of payment for and delivery of the public security until the public security is paid or payment of the public security has been provided for; and (3) is effective as to an item on hand or later received, and the item is subject to the lien or pledge without physical delivery of the item or other act. (b) This section does not exempt an issuer from a duty to: (1) record a lien on real property; or (2) submit a public security to the attorney general for approval and registration by the comptroller. Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999. SUBCHAPTER D. CHANGE OR CONVERSION OF PUBLIC SECURITIES
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.1201.044
What does The Texas Constitution § GV.1201.044 cover?
Section GV.1201.044 ("PLEDGE OR LIEN ON RESOURCES, ASSETS, OR FUND OF ISSUER") 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 § GV.1201.044?
A common citation format is "The Texas Constitution § GV.1201.044" (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 § GV.1201.044 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.