| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to notice regarding and abandoned property held in |
|
|
connection with receiverships for certain mineral interests. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Subchapter F, Chapter 64, Civil Practice and |
|
|
Remedies Code, is amended by adding Section 64.094 to read as |
|
|
follows: |
|
|
Sec. 64.094. NOTICE OF RECEIVERSHIP; ABANDONED PROPERTY. |
|
|
(a) An applicant for a receivership under this subchapter shall |
|
|
file with the comptroller a certified copy of a court order granting |
|
|
the receivership. |
|
|
(b) A district court is considered for purposes of Chapters |
|
|
74 and 75, Property Code, a holder of property that is presumed |
|
|
abandoned if the court holds money paid to or deposited with the |
|
|
court under this subchapter for an owner of an interest described by |
|
|
this subchapter or other person who is or may become entitled to the |
|
|
money that has remained unclaimed for a sufficient period for the |
|
|
property to be presumed abandoned under Section 75.101, Property |
|
|
Code. |
|
|
SECTION 2. On a form prescribed by the comptroller and by a |
|
|
reasonable deadline set by the comptroller, the clerk of each |
|
|
district court shall provide notice of and information regarding |
|
|
each receivership proceeding filed in the court under Subchapter F, |
|
|
Chapter 64, Civil Practice and Remedies Code, on or after January 1, |
|
|
1986, and before September 1, 2015. |
|
|
SECTION 3. Section 64.094(a), Civil Practice and Remedies |
|
|
Code, as added by this Act, applies to a court order granting a |
|
|
receivership under Subchapter F, Chapter 64, Civil Practice and |
|
|
Remedies Code, signed on or after the effective date of this Act, |
|
|
regardless of whether the application for the receivership was made |
|
|
before the effective date of this Act. |
|
|
SECTION 4. This Act takes effect September 1, 2015. |