By Thompson H.B. No. 1083 77R4428 MTB-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the effect of a bankruptcy proceeding on a durable 1-3 power of attorney. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Chapter XII, Texas Probate Code, is amended by 1-6 adding Section 487A to read as follows: 1-7 Sec. 487A. EFFECT OF BANKRUPTCY PROCEEDING. After execution 1-8 of a durable power of attorney, the filing of a voluntary or 1-9 involuntary petition in bankruptcy in connection with the 1-10 principal's debts does not revoke or terminate the agency as to the 1-11 principal's attorney in fact or agent. Any act the attorney in 1-12 fact or agent may undertake with respect to the principal's 1-13 property is subject to the limitations and requirements of the 1-14 United States Bankruptcy Code until a final determination is made 1-15 in the bankruptcy proceeding. 1-16 SECTION 2. This Act takes effect September 1, 2001.