Bill Text: TX HB2964 | 2017-2018 | 85th Legislature | Enrolled
Bill Title: Relating to designation of a representative for notice regarding abandonment of shares of a mutual fund.
Spectrum: Partisan Bill (Republican 3-0)
Status: (Passed) 2017-05-26 - Effective on 9/1/17 [HB2964 Detail]
Download: Texas-2017-HB2964-Enrolled.html
| H.B. No. 2964 | ||
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| relating to designation of a representative for notice regarding | ||
| abandonment of shares of a mutual fund. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 72.1021, Property Code, is amended by | ||
| adding Subsection (a-1) to read as follows: | ||
| (a-1) A holder of shares of a mutual fund shall notify the | ||
| owner of the shares when the owner makes the initial purchase of | ||
| shares in the fund that the owner may designate a representative | ||
| under Subsection (a). | ||
| SECTION 2. This Act takes effect September 1, 2017. | ||
| ______________________________ | ______________________________ | |
| President of the Senate | Speaker of the House | |
| I certify that H.B. No. 2964 was passed by the House on April | ||
| 19, 2017, by the following vote: Yeas 148, Nays 0, 1 present, not | ||
| voting; and that the House concurred in Senate amendments to H.B. | ||
| No. 2964 on May 19, 2017, by the following vote: Yeas 142, Nays 0, | ||
| 1 present, not voting. | ||
| ______________________________ | ||
| Chief Clerk of the House | ||
| I certify that H.B. No. 2964 was passed by the Senate, with | ||
| amendments, on May 16, 2017, by the following vote: Yeas 30, Nays | ||
| 0. | ||
| ______________________________ | ||
| Secretary of the Senate | ||
| APPROVED: __________________ | ||
| Date | ||
| __________________ | ||
| Governor | ||
