SRC-JBJ S.B. 1407 77(R)BILL ANALYSIS


Senate Research CenterS.B. 1407
By: Madla
Jurisprudence
5/30/2001
Enrolled


DIGEST AND PURPOSE 

Section 335 of the Texas Probate Code establishes a procedure by which the
trustees of an estate can sell livestock which is part of the estate.  S.B.
1407 amends that provision to require the commission merchant to be paid
the merchant's usual and customary charges, not to exceed five, rather than
three, percent of the sale price, for the sale of such livestock. 

RULEMAKING AUTHORITY

This bill does not expressly grant any additional rulemaking authority to a
state officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1.  Amends Section 335, Texas Probate Code, to require the
commission merchant to be paid the merchant's usual and customary charges,
not to exceed five, rather than three, percent of the sale price, for the
sale of such livestock. 

SECTION 2.  Effective date: September 1, 2001.
            Makes application of this Act prospective.