By Pitts H.B. No. 1397 76R6125 PAM-F A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the validity of an unrecorded instrument conveying an 1-3 interest in real property. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Section 13.001(b), Property Code, is amended to 1-6 read as follows: 1-7 (b) The unrecorded instrument is binding on a party to the 1-8 instrument, on the party's heirs, and on a subsequent purchaser who 1-9 does not pay a valuable consideration or who has notice of the 1-10 instrument. A subsequent purchaser for valuable consideration does 1-11 not have notice of an unrecorded instrument solely because the 1-12 property was conveyed to the subsequent purchaser by a quitclaim 1-13 deed. 1-14 SECTION 2. This Act takes effect September 1, 1999. 1-15 SECTION 3. The importance of this legislation and the 1-16 crowded condition of the calendars in both houses create an 1-17 emergency and an imperative public necessity that the 1-18 constitutional rule requiring bills to be read on three several 1-19 days in each house be suspended, and this rule is hereby suspended.