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A BILL TO BE ENTITLED
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AN ACT
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relating to jurisdiction in certain proceedings brought by the |
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attorney general with respect to charitable trusts. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 123.005, Property Code, is amended to |
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read as follows: |
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Sec. 123.005. BREACH OF FIDUCIARY DUTY: VENUE; |
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JURISDICTION. (a) Venue in a proceeding brought by the attorney |
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general alleging breach of a fiduciary duty by a charitable entity |
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or a fiduciary or managerial agent of a charitable trust shall be a |
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court of competent jurisdiction in Travis County or in the county |
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where the defendant resides or has its principal office. To the |
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extent of a conflict between this subsection and any provision of |
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the Texas Probate Code providing for venue of a proceeding brought |
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with respect to a charitable trust created by a will that has been |
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admitted to probate, this subsection controls. |
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(b) A statutory probate court of Travis County has |
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concurrent jurisdiction with any other court on which jurisdiction |
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is conferred by Section 4A, Texas Probate Code, in a proceeding |
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brought by the attorney general alleging breach of a fiduciary duty |
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with respect to a charitable trust created by a will that has been |
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admitted to probate. |
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SECTION 2. The change in law made by this Act applies only |
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to a proceeding commenced on or after the effective date of this |
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Act. A proceeding commenced before the effective date of this Act |
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is governed by the law in effect immediately before the effective |
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date of this Act, and that law is continued in effect for that |
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purpose. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2011. |