Bill Text: TX HB1577 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Relating to notice regarding and abandoned property held in connection with receiverships for certain mineral interests.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2015-03-09 - Referred to Energy Resources [HB1577 Detail]
Download: Texas-2015-HB1577-Introduced.html
| 84R7305 SCL-D | ||
| By: Guillen | H.B. No. 1577 | |
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| relating to notice regarding and abandoned property held in | ||
| connection with receiverships for certain mineral interests. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter F, Chapter 64, Civil Practice and | ||
| Remedies Code, is amended by adding Section 64.094 to read as | ||
| follows: | ||
| Sec. 64.094. NOTICE OF RECEIVERSHIP; ABANDONED PROPERTY. | ||
| (a) An applicant for a receivership under this subchapter shall | ||
| file with the comptroller a certified copy of a court order granting | ||
| the receivership. | ||
| (b) A district court is considered for purposes of Chapters | ||
| 74 and 75, Property Code, a holder of property that is presumed | ||
| abandoned if the court holds money paid to or deposited with the | ||
| court under this subchapter for an owner of an interest described by | ||
| this subchapter or other person who is or may become entitled to the | ||
| money that has remained unclaimed for a sufficient period for the | ||
| property to be presumed abandoned under Section 75.101, Property | ||
| Code. | ||
| SECTION 2. On a form prescribed by the comptroller and by a | ||
| reasonable deadline set by the comptroller, the clerk of each | ||
| district court shall provide notice of and information regarding | ||
| each receivership proceeding filed in the court under Subchapter F, | ||
| Chapter 64, Civil Practice and Remedies Code, on or after January 1, | ||
| 1986, and before September 1, 2015. | ||
| SECTION 3. Section 64.094(a), Civil Practice and Remedies | ||
| Code, as added by this Act, applies to a court order granting a | ||
| receivership under Subchapter F, Chapter 64, Civil Practice and | ||
| Remedies Code, signed on or after the effective date of this Act, | ||
| regardless of whether the application for the receivership was made | ||
| before the effective date of this Act. | ||
| SECTION 4. This Act takes effect September 1, 2015. | ||
