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 | ||
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| 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 [ |
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| 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| Estates Code, are repealed.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 | ||
