Bill Text: TX SB1420 | 2019-2020 | 86th Legislature | Enrolled


Bill Title: Relating to recovery of the funds of an estate delivered to the comptroller.

Spectrum: Bipartisan Bill

Status: (Passed) 2019-05-28 - Effective on 9/1/19 [SB1420 Detail]

Download: Texas-2019-SB1420-Enrolled.html
 
 
  S.B. No. 1420
 
 
 
 
AN ACT
  relating to recovery of the funds of an estate delivered to the
  comptroller.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 551.003(b), Estates Code, is amended to
  read as follows:
         (b)  Recovery of [An action to recover] the proceeds of a
  sale under this section is governed by Subchapter B.
         SECTION 2.  Section 551.051, Estates Code, is amended to
  read as follows:
         Sec. 551.051.  RECOVERY OF FUNDS. If funds of an estate have
  been paid to the comptroller under this chapter, an heir or devisee
  or an assignee of an heir or devisee may recover the share of the
  funds to which the heir, devisee, or assignee is entitled by filing
  a claim with the comptroller in the manner provided by Chapter 74,
  Property Code, for property delivered to the comptroller under that
  chapter.
         SECTION 3.  Section 74.501(e), Property Code, is amended to
  read as follows:
         (e)  Except as provided by Subsection (f) or Section 551.051,
  Estates Code, the comptroller may not pay to the following persons a
  claim to which this section applies:
               (1)  a creditor, a judgment creditor, a lienholder, or
  an assignee of the reported owner or of the owner's heirs; or
               (2)  a person holding a power of attorney from the
  reported owner or the owner's heirs.
         SECTION 4.  Sections 551.052, 551.053, 551.054, and 551.055,
  Estates Code, are repealed.
         SECTION 5.  This Act takes effect September 1, 2019.
 
 
 
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
         I hereby certify that S.B. No. 1420 passed the Senate on
  April 17, 2019, by the following vote:  Yeas 31, Nays 0.
 
 
  ______________________________
  Secretary of the Senate    
 
         I hereby certify that S.B. No. 1420 passed the House on
  May 14, 2019, by the following vote:  Yeas 141, Nays 0,
  two present not voting.
 
 
  ______________________________
  Chief Clerk of the House   
 
 
 
  Approved:
 
  ______________________________ 
              Date
 
 
  ______________________________ 
            Governor
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