| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to required disclosure for appointment of certain |
|
|
impartial third parties. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Subchapter C, Chapter 154, Civil Practice and |
|
|
Remedies Code, is amended by adding Section 154.0521 to read as |
|
|
follows: |
|
|
Sec. 154.0521. DISCLOSURE REQUIRED. To be appointed an |
|
|
impartial third party to facilitate an arbitration under this |
|
|
subchapter, a person must disclose to all parties the nature of any |
|
|
financial or other relationship the person has to any party. |
|
|
SECTION 2. The change in law made by this Act applies only |
|
|
to the appointment of an impartial third party that takes place on |
|
|
or after the effective date of this Act. An appointment of an |
|
|
impartial third party that takes place before the effective date of |
|
|
this Act is governed by the law in effect immediately before that |
|
|
date, and that law is continued in effect for that purpose. |
|
|
SECTION 3. This Act takes effect September 1, 2011. |