Bill Text: TX HB1877 | 2017-2018 | 85th Legislature | Enrolled


Bill Title: Relating to a penalty for independent executors who misrepresent in an affidavit in lieu of the inventory, appraisement, and list of claims that certain beneficiaries received the inventory and appraisement.

Spectrum: Bipartisan Bill

Status: (Passed) 2017-06-15 - Effective on 9/1/17 [HB1877 Detail]

Download: Texas-2017-HB1877-Enrolled.html
 
 
  H.B. No. 1877
 
 
 
 
AN ACT
  relating to a penalty for independent executors who misrepresent in
  an affidavit in lieu of the inventory, appraisement, and list of
  claims that certain beneficiaries received the inventory and
  appraisement.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Subchapter B, Chapter 309, Estates Code, is
  amended by adding Section 309.0575 to read as follows:
         Sec. 309.0575.  PENALTY FOR MISREPRESENTATION IN AFFIDAVIT
  IN LIEU OF INVENTORY, APPRAISEMENT, AND LIST OF CLAIMS. (a)  The
  court, on its own motion or on motion of any person interested in
  the estate, and after an independent executor has been cited to
  answer at a time and place fixed in the notice, may fine an
  independent executor in an amount not to exceed $1,000 if the court
  finds that the executor misrepresented in an affidavit in lieu of
  the inventory, appraisement, and list of claims filed by the
  executor that all beneficiaries, other than those described by
  Section 309.056(b-1), received a verified, full, and detailed
  inventory and appraisement as required by Section 309.056(b).
         (b)  The independent executor and the executor's sureties,
  if any, are liable for any fine imposed under this section and for
  all damages and costs sustained by the executor's
  misrepresentation.  The fine, damages, and costs may be recovered
  in any court of competent jurisdiction.
         SECTION 2.  Section 309.0575, Estates Code, as added by this
  Act, applies only to the estate of a decedent who dies on or after
  the effective date of this Act. The estate of a decedent who dies
  before the effective date of this Act is governed by the law in
  effect on the date of the decedent's death, and the former law is
  continued in effect for that purpose.
         SECTION 3.  This Act takes effect September 1, 2017.
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
 
         I certify that H.B. No. 1877 was passed by the House on May 6,
  2017, by the following vote:  Yeas 140, Nays 0, 2 present, not
  voting.
 
  ______________________________
  Chief Clerk of the House   
 
 
         I certify that H.B. No. 1877 was passed by the Senate on May
  22, 2017, by the following vote:  Yeas 31, Nays 0.
 
  ______________________________
  Secretary of the Senate    
  APPROVED:  _____________________
                     Date          
   
            _____________________
                   Governor       
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