By Averitt H.B. No. 3276 A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the application of the Texas Non-Profit Corporation Act 1-3 to charitable trustees. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Article 1396-2.31, Texas Non-Profit Corporation 1-6 Act is amended by designating the existing language as Section A 1-7 and by inserting a new Section B to read as follows: 1-8 B. Any corporation (or person or entity assisting such 1-9 corporation) described in this article shall have immunity from 1-10 suit (including both a defense to liability and the right not to 1-11 bear the cost, burden, and risk of discovery and trial) as to any 1-12 claim alleging that the corporation's role as trustee of a trust 1-13 described in this article constitutes engaging in the trust 1-14 business in a manner requiring a state charter in this state. An 1-15 interlocutory appeal may be taken if a court denies or otherwise 1-16 fails to grant a motion for summary judgment that is based on an 1-17 assertion of the immunity provided in this subsection. 1-18 SECTION 2. (a) Article 1396-2.31, Texas Non-Profit 1-19 Corporation Act, as that section exists on the effective date of 1-20 this Act, applies to any trust created before, on, or after the 1-21 effective date of this Act, including any trust that is the subject 1-22 of litigation or another proceeding that is pending before, on, or 1-23 after the effective date of this Act. 1-24 (b) This section applies without regard to the effective 2-1 date of the legislation enacting Article 1396-2.31, Texas 2-2 Non-Profit Corporation Act or any other legislation enacted by any 2-3 legislature that amended the provisions of Article 1396-2.31, Texas 2-4 Non-Profit Corporation Act. 2-5 SECTION 3. This Act applies to any trust created before, on, 2-6 or after the effective date of this Act, including any trust that 2-7 is the subject of litigation or another proceeding that is pending 2-8 before, on, or after the effective date of this Act. 2-9 SECTION 4. The importance of this legislation and the 2-10 crowded condition of the calendars in both houses create an 2-11 emergency and an imperative public necessity that the 2-12 constitutional rule requiring bills to be read on three several 2-13 days in each house be suspended, and this rule is hereby suspended, 2-14 and that this Act take effect and be in force from and after its 2-15 passage, and it is so enacted.