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Senate Bill 869 |
Senate Author: Huffman |
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Effective: 9-1-17 |
House Sponsor: Farrar et al. |
Senate Bill 869 amends the Estates Code to authorize the owner of a motor vehicle to transfer the owner's interest in the vehicle to a sole beneficiary effective on the owner's death. The bill sets out provisions establishing the legal characteristics of such a beneficiary designation, authorizing such designation by joint owners with right of survivorship, and establishing the effect of such a designation during the owner's life and at the owner's or the last surviving owner's death. The bill amends the Transportation Code to enumerate the requirements applicable to such a designation as they concern the Texas Department of Motor Vehicles.