By: Jackson S.B. No. 1745
A BILL TO BE ENTITLED
AN ACT
1-1 relating to garnishment of an account.
1-2 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-3 SECTION 1. Chapter 63, Civil Practice and Remedies Code, is
1-4 amended by adding Section 63.007 to read as follows:
1-5 Sec. 63.007. GARNISHMENT OF ACCOUNT. In an action in which
1-6 the garnishee is a bank, savings and loan association, credit
1-7 union, or securities brokerage firm, the amount of any judgment
1-8 entered against the garnishee shall not exceed the total value of
1-9 the assets located in the account on the date of service, together
1-10 with any amounts added to the account through the date of the
1-11 judgment.
1-12 SECTION 2. This Act takes effect September 1, 1999.
1-13 SECTION 3. The crowded condition of the calendars in both
1-14 houses create an emergency and an imperative public necessity that
1-15 the constitutional rule requiring bills to be read on three several
1-16 days in each house be suspended, and this rule is hereby suspended,
1-17 and that this Act take effect and be in force from and after its
1-18 passage, and it is so enacted.