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Texas Legislature to Consider Oil and Gas Lien Law Amendment | Gray Reed


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Texas lien law in some cases does not require the filing of a financing statement for priority perfection. However, as you might have learned in
In re First River Energy, the Delaware Uniform Commercial Code did not recognize the priority of Texas producers’ unfiled, unperfected security interests in proceeds under Texas Business and Commerce Code Section 9.343. In contrast, Oklahoma Producers prevailed because the Oklahoma Lien Act in 2010 cured a defect still present in the Texas statute. Texas producers with a lien are subject to UCC choice-of-law, priority, and perfection of security interests rules. ....

United States , Charlie Green , Gray Reed , First River Energy , Delaware Uniform Commercial Code , Texas Business , Commerce Code Section , Oklahoma Producers , Oklahoma Lien Act , First Purchaser Lien Act , ஒன்றுபட்டது மாநிலங்களில் , சார்லி பச்சை , சாம்பல் நாணல் , முதல் நதி ஆற்றல் , டெக்சாஸ் வணிக , வர்த்தகம் குறியீடு பிரிவு , ஓக்லஹோமா உரிமை நாடகம் ,