Sec. 501.003. PURPOSE. This chapter shall be liberally construed to lessen and prevent:
(1) the theft of motor vehicles;
(2) the importation into this state of and traffic in motor vehicles that are stolen; and
(3) the sale of an encumbered motor vehicle without the enforced disclosure to the purchaser of a lien secured by the vehicle.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 1296 (H.B. 2357), Sec. 2, eff. January 1, 2012.
Notes of Decisions
Vibbert v. Par, Inc., 224 S.W.3d 317 (Tex. App. 2006).
“Tex.Transp.Code Ann. § 501.003 (Vernon 1999); First National Bank, 143 S.”
Clark Contracting Servs. v. Fin. (Clark Contracting Servs., Inc.), 399 B.R. 789 (Bankr. W.D. Tex. 2008).
· cites it 2× “See Tex. Transp. Code, § 501.003. 10 Adds a recent commentator, with regard to the difference in approaches between the UCC and the Certificate of Title Act: Article 9 was intended in large part to wire' around the historical aversion to non-possessory security interests in…”
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