1-1  By:  Sadler (Senate Sponsor - Nixon)                  H.B. No. 1496
    1-2        (In the Senate - Received from the House May 15, 1995;
    1-3  May 16, 1995, read first time and referred to Committee on Natural
    1-4  Resources; May 25, 1995, reported favorably by the following vote:
    1-5  Yeas 8, Nays 0; May 25, 1995, sent to printer.)
    1-6                         A BILL TO BE ENTITLED
    1-7                                AN ACT
    1-8  relating to indemnity provisions in certain mineral agreements.
    1-9        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
   1-10        SECTION 1.  Section 127.005(a), Civil Practice and Remedies
   1-11  Code, is amended to read as follows:
   1-12        (a)  This <Except as to agreements with respect to the
   1-13  purchase, gathering, storage, or transportation of oil, brine
   1-14  water, fresh water, condensate, produced water, petroleum products,
   1-15  or other liquid commodities, this> chapter does not apply to an
   1-16  agreement that provides for indemnity if the parties agree in
   1-17  writing that the indemnity obligation will be supported by
   1-18  liability insurance coverage to be furnished by the indemnitor
   1-19  subject to the limitations specified in Subsection (b) or (c).
   1-20        SECTION 2.  This Act applies only to an agreement that
   1-21  provides for indemnity entered into on or after the effective date
   1-22  of this Act.
   1-23        SECTION 3.  The importance of this legislation and the
   1-24  crowded condition of the calendars in both houses create an
   1-25  emergency and an imperative public necessity that the
   1-26  constitutional rule requiring bills to be read on three several
   1-27  days in each house be suspended, and this rule is hereby suspended,
   1-28  and that this Act take effect and be in force from and after its
   1-29  passage, and it is so enacted.
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