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House Bill 2428 |
House Author: Wray |
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Effective: 9-1-15 |
Senate Sponsor: Rodríguez |
House Bill 2428 amends the Business & Commerce Code, Estates Code, Government Code, Insurance Code, and Property Code to enact the Texas Uniform Disclaimer of Property Interests Act that consolidates provisions concerning disclaimers into a single statute. Among other provisions, House Bill 2428 eliminates the state deadline for filing a disclaimer, clarifies the rules for disclaimers by different types of fiduciaries, and specifically addresses different types of property and ownership structures.