By Thompson H.B. No. 898
77R4427 MTB-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the sale of a minor's property by a person without
1-3 guardianship.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 889(a), Texas Probate Code, is amended to
1-6 read as follows:
1-7 (a) When a minor has an interest in real or personal
1-8 property and the net value of the [minor's] interest [in real or
1-9 personal property in an estate] does not exceed $100,000 [$50,000],
1-10 a natural or adoptive parent, or the managing conservator, of a
1-11 minor who is not a ward may apply to the court for an order to sell
1-12 the minor's interest in the [real or personal] property [of a minor
1-13 in an estate] without being appointed guardian. A minor may not
1-14 disaffirm a sale of property pursuant to a court order under this
1-15 section.
1-16 SECTION 2. This Act takes effect September 1, 2001, and the
1-17 changes in law made by this Act to Section 889, Texas Probate Code,
1-18 apply only to an application filed on or after that date. An
1-19 application filed before the effective date of this Act is governed
1-20 by the law in effect on the date the application was filed, and the
1-21 former law is continued in effect for that purpose.