Sec. 4.053. CONDITIONS FOR DELAYED EFFECTIVENESS. (a) The date, or the date and time, at which a filing instrument takes effect is delayed if the instrument clearly and expressly states, in addition to any other required statement or information: (1) the specified date, or the specified date and time, at which the instrument takes effect; or (2) if the instrument takes effect on or after the occurrence of a future event or fact that may occur: (A) the event or fact that will cause the instrument to take effect; (B) when the filing instrument is to take effect if the instrument is to take effect after the occurrence of a specified future event or fact; and (C) the date of the 90th day after the date the instrument is signed. (b) If the effectiveness of a filing instrument is to be delayed as permitted by Section 4.052 : (1) the effective date may not be later than the 90th day after the date the instrument is signed; and (2) the specified time at which the instrument is to take effect may not be specified as "12:00 a.m." or "12:00 p.m."
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