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Senate Bill 1240 |
Senate Author: Duncan et al. |
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Effective: 6-14-13 |
House Sponsor: Keffer |
Senate Bill 1240 amends the Property Code to prohibit the ordering of an action in a judicial proceeding the object or effect of which is to compel the partition of a mineral interest owned or claimed by a charitable trust that would divest the trust of its ownership of a mineral interest unless the trust has refused to execute a mineral lease, with fair and reasonable terms, to the plaintiff or petitioner in the proceeding.