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Senate Bill 666 |
Senate Author: Shapleigh |
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Effective: 9-1-09 |
House Sponsor: Hartnett |
Senate Bill 666 amends the Property Code to prohibit the trustee of a charitable trust from changing the location in which the trust administration takes place from a location in Texas to a location outside Texas, except as specifically authorized by the terms of the trust or as otherwise provided by the bill. The bill requires the trustee to take certain actions if the trustee decides to change the location in which the trust is administered, including submitting the selection or proposal, as applicable, to the attorney general. The bill authorizes the trustee to file an action in the appropriate district or statutory probate court seeking an order authorizing the location change and prohibits the trust administration location from being changed, except as provided above, unless the trust's charitable purposes would not be impaired if the trust administration is moved and a district or statutory probate court authorizes the relocation. The bill authorizes the attorney general to bring an action to enforce the bill's provisions.