Amend HB 2964 (house committee printing) by striking all below the enacting clause and substituting the following:
SECTION 1. Section 72.1021, Property Code, is amended by adding Subsection (a-1) to read as follows:
(a-1) A holder of shares of a mutual fund shall notify the owner of the shares when the owner makes the initial purchase of shares in the fund that the owner may designate a representative under Subsection (a).
SECTION 2. This Act takes effect September 1, 2017.